Data: Trader @qwatio switched to shorting Ethereum after losing 2.51 million dollars on Bitcoin short position

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, trader @qwatio closed all Bitcoin short positions on the Hyperliquid platform, incurring a total loss of 2.51 million dollars in principal. The trader then transferred the remaining 475,000 dollars to the GMX platform to open a 26.36 million dollars ETH short position at an average price of 3,809 dollars, with a liquidation price of 3,854 dollars.

This operation coincided with Trump's signing of an executive order related to cryptocurrency, which triggered a market rally. The trader had previously faced multiple stop losses due to continuous rolling positions in a volatile market.