Trader Qwatio has incurred a $12.5 million loss following eight liquidations over the past week. The most recent incident involved a partial liquidation of a 25X leveraged Ether position, with the liquidation price set at $2,534. Ether's price has been volatile, ranging between $2,425 and $2,519 in the last 24 hours. Earlier in the week, Qwatio experienced six liquidations in just three days, resulting in a $10 million loss. Despite these recent setbacks, Qwatio had previously achieved a $6.8 million profit in March through leveraged positions on Ether and Bitcoin. In related news, trader James Wynn, known for his high-stakes crypto bets, has opened a small short position on Bitcoin with 40X leverage. Wynn has a history of significant losses, including a $1 billion loss on previous risky trades.