"50x Leverage Exposed" Address Adds $7.5 Million to Short Position, Turns Profitable Trade into Loss and Faces Partial Liquidation
BlockBeats News, June 25—According to monitoring by OnchainLens, the user @qwatio, previously known for the "50x leverage insider" address, has added $7.5 million USDC to HyperLiquid to further increase his short positions on BTC (40x leverage) and ETH (25x leverage. However, he also experienced partial liquidations.
Within just two days, his position shifted from a $3.4 million profit to a $5.7 million loss.
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