Hyperliquid Trader Qwatio Bleeds $3.7M in a Week—Crypto Shorts Backfire Spectacularly
Another day, another crypto trader learning the hard way that markets don’t care about conviction. Hyperliquid’s Qwatio just joined the hall of shame with a $3.7M loss—courtesy of aggressive Bitcoin and Ether shorts.
When leverage bites back
Shorting crypto at the wrong time isn’t a strategy—it’s a donation. Qwatio’s extreme bearish bets collapsed faster than a Terra stablecoin, proving (again) that overconfidence is the most expensive fee in DeFi.
Bonus jab: Traders like this keep CEX insurance funds well-fed. Stay liquid, friends.