A cryptocurrency trader operating under the pseudonym “qwatio” has reportedly suffered a staggering $12.5 million in losses after being liquidated eight times in just one week, according to Lookonchain.
The latest incident occurred on June 30, 2025, involving a partial liquidation of an Ether (ETH) position leveraged at 25 times.
Lookonchain reported that the new liquidation price was set at $2,534, while Ether was trading between $2,425 and $2,519 over the previous 24 hours.
Qwatio had already experienced six liquidations within a span of just three days last week, resulting in $10 million in losses by Thursday.
Qwatio has seen better days
Despite the recent downturn, qwatio had previously seen success.
In March, qwatio earned a $6.8 million profit after opening 50x leveraged long positions on Bitcoin and Ether just before former U.S. President Donald Trump signed an executive order to establish a national crypto reserve.
During the same period, qwatio also opened a $3.46 million position on Melania Trump’s memecoin, MELANIA and successfully defended a 40x leveraged Bitcoin position from liquidation by adding margin amid pressure from so-called whale hunters.
Wynn Returns to High-Risk Trading
In a separate development, well known crypto trader James Wynn infamous for losing over $1 billion in high-leverage trades has returned to the spotlight by opening a $37,000 short position on Bitcoin using 40x leverage, with a liquidation price at $108,630.
The move had the potential to net him $1.49 million in profit. Later the same day, Wynn reversed his position when Bitcoin dipped to $107,250, closing the short and initiating a new long position worth $44,466.
Unknown Trader Turns $6.8K into $1.5M
While some traders suffered heavy losses, another lesser known crypto trader has recently made headlines when he reportedly turned just $6,800 into $1.5 million in profit over two weeks.