Crypto Trader Experiences Spectacular Ups and Downs: From $6.8 Million Profit to $10 Million Loss!

Jakarta, Pintu News – The crypto market is abuzz again with the story of a trader known as “Qwatio”. In a short period of time, Qwatio managed to accumulate fantastic profits before finally experiencing dramatic losses.

This story not only caught the attention of the crypto community but also served as an important lesson about risk and volatility in crypto trading.

Check out the full information in this article!

Big Profits Lead to Liquidation

Qwatio started his crypto adventure by making over $6.8 million in profits in a single day. This success came after he used 50x leverage to invest in Bitcoin (BTC) and Ethereum (ETH). This decision was made just before an executive order issued by Trump rocked the crypto market.

After securing those profits, Qwatio withdrew its margin and allowed a liquidation of 160,000 ETH ($306 million), which had a major impact on liquidity provider Hyperliquid. In response, Hyperliquid immediately cut the maximum leverage for ETH from 50x to 25x, in an effort to mitigate similar risks in the future.

Also read: Real Demand Drives Pi Network Price Up, Here’s What Crypto Analysts Say!

Imitation, Chaos and Whaling

The effects of Qwatio’s success did not stop there. Several other traders began to copy his trading style, one of which was manipulating JELLY tokens which caused an additional $12 million in losses for liquidity providers.

Qwatio itself was then targeted by a group of “whales” led by a user named “CBB”.

In one incident, the price of Bitcoin (BTC) jumped 2.5%, but Qwatio managed to defend its position by rapidly increasing its margin. However, the pressure continued and Qwatio had to fight hard to maintain its trading positions.

Read also: 5 Cheap Altcoins Under Rp10,000 Worth Monitoring in July 2025

Identity Revealed and Multiple Losses

Qwatio briefly revealed his identity by confirming ownership of a wallet linked to the MELANIA token. However, after receiving unwanted attention, he deleted his post and changed the name of his wallet to “falling”.

Despite the incident, Lookonchain reported that the Qwatio wallet still showed a total profit of over $10 million. However, the bad luck wasn’t over yet. Within three days, Qwatio was liquidated six times, with losses totaling almost $10 million. The biggest loss occurred on an Ethereum (ETH) to Tether (USDT) trade on Binance, which amounted to $3.37 million.

However, Qwatio is not giving up and has just deposited $4.5 million USDC to reinvest in Bitcoin (BTC) and Ethereum (ETH).

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. Crypto Trader Goes from Hero to Zero: $6.8M Win Followed by $10M Crash. Accessed on June 30, 2025
• Featured Image: Generated by AI