A trader operating as 'qwatio' faced significant losses, with 8,000 ETH and 280 BTC partially liquidated in a week, totaling millions of dollars.
The trader's high-risk, high-leverage positions on Hyperliquid led to substantial profits but also liquidations, prompting the platform to cap ETH leverage at x25 to prevent further losses.
Despite recovering from previous losses and making significant profits in different wallets, the trader faced a series of six liquidations within days, resulting in a total loss of around $10 million.
This trader's risky trading behavior mirrors that of another high-stakes player, James Wynn, who also experienced substantial gains followed by significant losses in a short period.