币界网报道：Quantitative trading firm QWATIO has reportedly suffered $12 million in losses due to forced crypto liquidations, according to industry sources. The Singapore-based firm, known for its algorithmic trading strategies, faced margin calls as cryptocurrency markets experienced sharp volatility recently. While QWATIO has not officially confirmed the losses, blockchain data shows significant outflows from the firm's known wallet addresses during the market turbulence. The liquidations primarily affected QWATIO's leveraged positions in Bitcoin and Ethereum derivatives across multiple exchanges. This incident highlights the risks quantitative trading firms face in the highly volatile crypto markets, where rapid price swings can trigger cascading liquidations. Market analysts note that such events have become more frequent as institutional participation in crypto trading increases.