On-chain intelligence from Deep Tide TechFlow has revealed that prominent trader qwatio has made significant moves in the derivatives market. According to analyst Yu Jin (@EmberCN), the trader expanded bearish exposure by adding 18,000 ETH (valued at roughly 63.28 million USD) to existing short positions just one hour prior to the report. This aggressive positioning extends beyond Ethereum, as qwatio simultaneously ramped up bearish bets across XRP and SOL as well.
Current Portfolio Positioning
The trader’s short strategy spans four major cryptocurrencies with substantial notional values:
BTC: 1,111 contracts shorted
ETH: 22,222 contracts shorted (including the recent 18,000 ETH addition)
XRP: 3,333 positions shorted
SOL: 44,444 positions shorted
This diversified shorting approach demonstrates a broader bearish thesis rather than concentration on a single asset.
Performance Update
Since initiating these short positions yesterday morning, qwatio has accumulated unrealized gains totaling 6.41 million USD. The recent ETH addition appears strategically timed, suggesting the trader is capitalizing on current market conditions and technical levels.
The scale of these positions underscores the confidence institutional or sophisticated traders maintain in near-term downside movements across multiple blockchain assets. Market participants continue to monitor qwatio’s positioning as a potential indicator of directional sentiment in the crypto derivatives space.
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Whale Trader qwatio Escalates Multi-Asset Short Strategy with 18,000 ETH Addition
On-chain intelligence from Deep Tide TechFlow has revealed that prominent trader qwatio has made significant moves in the derivatives market. According to analyst Yu Jin (@EmberCN), the trader expanded bearish exposure by adding 18,000 ETH (valued at roughly 63.28 million USD) to existing short positions just one hour prior to the report. This aggressive positioning extends beyond Ethereum, as qwatio simultaneously ramped up bearish bets across XRP and SOL as well.
Current Portfolio Positioning
The trader’s short strategy spans four major cryptocurrencies with substantial notional values:
This diversified shorting approach demonstrates a broader bearish thesis rather than concentration on a single asset.
Performance Update
Since initiating these short positions yesterday morning, qwatio has accumulated unrealized gains totaling 6.41 million USD. The recent ETH addition appears strategically timed, suggesting the trader is capitalizing on current market conditions and technical levels.
The scale of these positions underscores the confidence institutional or sophisticated traders maintain in near-term downside movements across multiple blockchain assets. Market participants continue to monitor qwatio’s positioning as a potential indicator of directional sentiment in the crypto derivatives space.