As Bitcoin hits a new high, Hyperliquid whale Qwatio follows in the footsteps of James Wynn, suffering a liquidation loss of nearly 26 million dollars!

Market rises, profits and losses are polarized Today, the price of Bitcoin (BTC) has strongly broken through, setting a new all-time high (ATH), which has led to a significant rise in other mainstream coins and altcoins. However, this feast does not benefit everyone, as the crypto market presents a stark contrast: some participants have reaped huge profits, while others face devastating losses.

Hyperliquid Giant Whale Qwatio Repeating James Wynn's Mistake Unfortunately, the whale trader Qwatio on the Hyperliquid platform ranks among the losing camp. Its aggressive short-selling strategy has nearly consumed all accumulated profits, ultimately recording an astonishing 25.8 million dollars in losses.

Blockchain analysis company Lookonchain recently revealed on X (formerly Twitter) that after a loss of 16.28 million USDC, Qwatio has again deposited 10 million USDC into Hyperliquid, intending to increase leveraged short positions. However, shorting against the trend in a bull market, combined with the leverage effect, is nothing short of a disaster for traders. The latest data shows that its total short position, valued at as high as 334 million USD, was completely liquidated in just three hours.

Details of Huge Liquidation and Painful Losses The latest round of liquidations involves:

• 1743 Bitcoins (BTC), worth approximately 211 million dollars
• 33,743 ETH worth approximately $102.3 million
• 15 million Fartcoin (FARTCOIN), valued at approximately 20.6 million USD The wallet marked as 0x916E has currently incurred a total loss of 25.8 million USD. EmberCN commented on this: "His previous profit of $26 million was almost completely wiped out by these two short selling trades."

This situation reminds one of the recent fall of another high-profile trader, James Wynn. Wynn was also known for his high leverage and bold bets on Hyperliquid, but after suffering nine-digit (hundreds of millions level) losses, he has quietly exited the scene—he deactivated his X account. This series of failed high-risk trades profoundly reveals the huge volatility risk of holding high leverage short positions in a rising market. Lookonchain Supplementary Note: "The total balance of all his wallets and Hyperliquid accounts is only $10,176."

Bullish Profit: Aguila Trades Successfully Counterattacks Of course, not all traders have been defeated in this round of rise. Some participants have gained considerable profits through long positions. For example, trader Aguila Trades successfully made a profit of 2.3 million dollars by going long on Bitcoin. The blockchain analytics company revealed: "From a loss of 35 million dollars to a profit of 2.3 million dollars, it's truly legendary! Aguila Trades has not only completely recovered the 35 million dollars loss but currently also boasts over 2.3 million dollars in profit."

Long-term holding (HODL) demonstrates value, Satoshi Nakamoto joins the ranks of global billionaires Although leveraged trading carries extremely high risks and can lead to unpredictable consequences, a more favorable strategy recently proven is holding long-term (HODL). Bitcoin's historic new highs have significantly increased the wealth of long-term holders, especially its anonymous founder Satoshi Nakamoto. It is estimated that the Bitcoin held by Nakamoto is worth approximately $133 billion, making them the 11th richest person in the world. The Kobeissi Letter stated: "Bitcoin could actually create the world's first anonymous billionaire. If the price of Bitcoin reaches 370,000 dollars, Satoshi Nakamoto's wealth will surpass Elon Musk's current net worth."

Conclusion: High Leverage vs HODL, Which is Better? This market surge vividly demonstrates the enormous volatility of cryptocurrency trading. On one hand, traders like Qwatio suffered heavy losses due to shorting against the trend; on the other hand, long-term holders represented by Satoshi Nakamoto successfully made their way onto the global wealth rankings. This continues to spark a core debate in the cryptocurrency space: ultimately, which leads to the greatest success, high-leverage short-term trading strategies, or the patient HODL approach? Cryptocurrency investors need to carefully weigh risks and rewards.