Trader is arranged at $ 1.1 billion because of the high of Bitcoin and Ethereum

A trader who operated in hyperliquid brokerage was arranged 14 times on Wednesday (2) during betting on the fall of Bitcoin and Ethereum. The investor has two other open sales positions at the time of this newsroom, which is about to be arranged again.

Both Bitcoin and Ethereum and other cryptocurrencies work high this afternoon. While the BTC is approaching $ 110,000 and 3.3%increases, ETH aims at $ 2,600 and increases 6.7%.

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Trader plays bets on the Bitcoin Futures market and is arranged at $ 1.1 billion

The first analysis of the trader in question was made earlier this afternoon by Lookonchain. According to the company, the investor would be a “gambler” that operates with an extreme leverage.

“The gokker @Qwatio has just been arranged again, this time for 282.8 BTC (US $ 30.65 million) and 8,282.8 ETH (US $ 20.6 million)” “” “”wrote to view look monchain. “He always makes shorts with the greatest possible leverage when the price drops and is then arranged when the price fires.”

“It is arranged 15 times in BTC and 8 times in ETH!”

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After this tweet, the trader was arranged 12 times, six of them gambles against Bitcoin and six others against Ethereum, so that 37 liquidations were collected in his career.

Added, the settlements of the day are greater than $ 1.1 billion.

Trader is arranged 14 times on the same day gambling against Bitcoin and Ethereum. Source: hyperliquid.Trader is arranged 14 times on the same day gambling against Bitcoin and Ethereum. Source: hyperliquid.
Trader is arranged 14 times on the same day gambling against Bitcoin and Ethereum. Source: hyperliquid.

Data from Hyperdash shows that the trader has opened two new shorts (sold positions) with 40x leverage in Bitcoin and 25x in Ethereum, which is about to be regulated again.

The net losses reach US $ 8.6 million in the last 24 hours (R $ 46.6 million). The account records a loss of US $ 15 million (R $ 81.3 million) in the last 10 days.

Trader is bet against Bitcoin and Ethereum and continues to collect losses. Source: Hyperdash.Trader is bet against Bitcoin and Ethereum and continues to collect losses. Source: Hyperdash.
Trader is bet against Bitcoin and Ethereum and continues to collect losses. Source: Hyperdash.

It wasn’t the only one

While Bitcoin rises 3.3% in the last 24 hours, Ethereum grows 6.7% in the same period. High Caught various other surprise investors.

According to Coinglass data, more than 100,000 traders were arranged between Tuesday and Wednesday. Bitcoin and Ethereum distribute the spotlights, with $ 123 million and US $ 97.3 million respectively.

“In the last 24 hours, 106,224 traders have been arranged, a total of US $ 344.78 million in settlements”wrote Coinglass. “The largest order of individual scheme took place in Binance, in the ETH/USDT pair, worth US $ 8.87 million.”

Neder settlements in the cryptocurrency market after high bitcoin, ethereum and other cryptocurrencies.Neder settlements in the cryptocurrency market after high bitcoin, ethereum and other cryptocurrencies.
Neder settlements in the cryptocurrency market after high bitcoin, ethereum and other cryptocurrencies.

About 1/3 of these settlements are long because Bitcoin had fallen to $ 105,130 in the night of Tuesday (1st) before he climbed again.

Finally, Bitcoin’s volatility shows once again that leverage can be dangerous.

Source: Live Coins

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