Leading cryptocurrency Bitcoin (BTC ($111,201.00)) started crypto week in the US on a high. The price of BTC broke a record by surpassing $123,000, while investors who had expected a decline were disappointed.

At this point, according to Coinglass data, $622 million worth of short positions were liquidated in the last 24 hours.

Traders who expected Bitcoin to drop after last week's ATH ($0.03) and opened short positions suffered huge losses.

One of these was the trader named Qwatio, following the big whale James Wynn, who lost his $100 million completely.

Qwatio also suffered great losses, though not as much as Wynn.

According to Lookonchain's post, the massive short positions of an investor named Qwatio, worth $334 million, were completely liquidated in just 3 hours.

These short positions included transactions of 1,743 Bitcoin (worth $211 million), 33,743 Ethereum (worth $102.3 million), and 15 million FARTCOIN (worth $20.6 million).

Liquidations in BTC, ETH ($3,970.65), and FARTCOIN short positions caused Qwatio to lose $25.8 million.

Qwatio experienced a similar situation in June, liquidating various long and short positions eight times and losing $12.5 million.

But Qwatio didn't lose all the time. He made over $10 million in profits on TRUMP ($5.92) and MELANIA. Accordingly, Qwatio opened a long position before Trump's announcement of Bitcoin and cryptocurrency reserves, making a $6.8 million profit on MELANIA and a $3.5 million profit on MELANIA.

*This is not investment advice.

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