Summary
- A whale investor, allegedly a Trump insider, known as @qwatio, reportedly made about $1.97 million in profit from a 50x leveraged Bitcoin short position.
- @qwatio opened an additional BTC short position using a $7.3 million deposit and set the average entry price at $107,660.
- This investor realized additional profits by closing positions during the recent BTC price decline.
A whale investor, @qwatio (X account), allegedly an insider connected to former U.S. President Donald Trump, earned $1.97 million (USD) from a 50x leveraged short position on Bitcoin (BTC) at 1 a.m. today.
On the 23rd (local time), on-chain data platform Amber shared via X, "@qwatio opened a BTC short position opposite to trader James Wynn, using a $7.3 million deposit," adding, "Through continued liquidations, the position was reduced to under $100, and on the 13th, another position was added to set the average entry price at $107,660."
This whale closed the position at 1 a.m. today when BTC was below $100,000, not only recovering losses but also making an additional profit of $1.97 million.
As of 10:05 a.m., Bitcoin is trading at $107,770.89 on Binance's Tether (USDT) market, down 2.08% from the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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