Insider trader loses over $24.7 million in short selling twice

According to BlockBeats, on July 14th, according to @ EmberCN monitoring, the short position of "insider trader" @ qwatio was liquidated and liquidated by $210 million within an hour and a half. This short selling only left a position of 58 million US dollars, and the margin was only 1.58 million US dollars. His previous profit of $26 million has now been almost completely lost by his two short selling attempts: the last one lost $16.27 million, and this time he has lost $8.46 million. At present, he basically only holds BTC short positions. After moving all the margin to BTC short positions, his BTC short selling cost price has risen to $121176. It seems that the old man has placed all his last hope on this BTC short position