A notable cryptocurrency trader known as qwatio has initiated a significant new short position on Bitcoin. Opening a bet against BTC worth approximately $2.3 million, equivalent to 21 Bitcoin, qwatio’s move signals renewed bearish sentiment despite substantial prior losses.
This new position arrives after the whale endured ten previous liquidations. The consecutive losing trades underscore the ongoing extreme volatility and uncertainty within the current cryptocurrency market derivatives landscape.
The size of the fresh $2.3 million short position highlights continued high-stakes trading activity initiated by major players, reflecting a persistent expectation of potential Bitcoin price declines amid unpredictable market swings.