Published: Thursday, July 3, 2025
As Bitcoin and Ethereum surged, a trader operating on the hyper-liquid brokerage platform HyperDash settled 14 positions on Wednesday (2nd). At the time of reporting, the investor had two additional open short positions poised for liquidation.
Market Volatility and Macro Drivers
- Bitcoin (BTC): Approached $110,000 (+3.3%)
- Ethereum (ETH): Targeted $2,600 (+6.7%)
This activity coincided with geopolitical developments (Israel-Iran ceasefire) and U.S. employment data, which pressured the Federal Reserve to reconsider interest rates.
👉 Bitcoin’s price action analyzed by top market experts
The $1.1 Billion Trade Breakdown
Analytics firm Lookonchain identified the trader as a high-leverage "gambler":
"Gambler @qwatio liquidated 282.8 BTC ($30.65M) and 8,282.8 ETH ($20.6M). He shorts with maximum leverage during dips and liquidates when prices rebound."
Total settlements: 15 BTC and 8 ETH positions, exceeding $1.1 billion (11B BRL).
HyperDash data revealed two new short positions:
- Bitcoin: 40x leverage
- Ethereum: 25x leverage
Trader’s Recent Performance
- 24-hour net loss: $8.6M (46.6M BRL)
- 10-day cumulative loss: $15M (81.3M BRL)
Broader Market Impact
Coinglass reported 106,224 traders liquidated in 24 hours ($344.78M total):
- BTC: $123M
- ETH: $97.3M
- Largest single order: $8.87M (ETH/USDT on Binance)
Key Takeaways
- Leverage risks: BTC’s dip to $105,130 (July 1) triggered long-position liquidations.
- Volatility: Even bullish trends can be hazardous with overleveraging.
FAQs
Q: What caused the trader’s $1.1B settlement?
A: A combination of aggressive shorting during price dips and forced liquidations when BTC/ETH rebounded.
Q: How does geopolitical news affect crypto markets?
A: Events like ceasefires or economic data shifts influence investor sentiment, often increasing volatility.
Q: Is high-leverage trading common in crypto?
A: Yes, but it amplifies both gains and losses—extreme caution is advised.
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Sources: HyperDash, Lookonchain, Coinglass
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