Insider trader @ qwatio has lost $13.12 million in short selling this time

According to BlockBeats, on July 3rd, the short position of @ qwatio, known as an "insider trader," continued to be liquidated for $41 million. He increased his short positions in BTC and ETH to 250 million this time, and was once again liquidated to 160 million US dollars. It is reported that he has only $3.16 million left after short selling with a margin of 16.28 million. That is to say, it has been liquidated multiple times and lost $13.12 million.