50x Leverage Whale Closes Profitable BTC Short Position Overnight, Earning $26 Million from Contract Trading This Year

According to Jinse Finance, Ember Monitoring reports that the 50x contract whale @qwatio closed his BTC short position at 1 a.m., securing a profit of $1.97 million. He initially opened a BTC short position against James with a margin of $7.3 million, but was gradually liquidated and reduced to less than $1 million. On June 13, he added another position at a cost of $107,766. After that, as BTC prices continued to decline, he closed his position at 1 a.m. today when BTC was below $100,000. Not only did he recover his previous losses, but he also made an additional profit of $1.97 million. This year, he has already earned $26 million on Hyperliquid trading through three different addresses.