🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Crypto Trader @qwatio Loses $8.7M in Multiple Liquidations
Gate News bot message, trader known as The Gambler (@qwatio) experienced a series of liquidations across multiple cryptocurrency positions. His 25x ETH short position faced complete liquidation, while his 40x BTC and 10x FARTCOIN short positions underwent partial liquidations.
The recent liquidation events resulted in an $8.7M loss, contributing to his cumulative losses of approximately $25M. The trader subsequently expanded his BTC short position with 40x leverage.
According to Onchain Lens' earlier report on July 14, 2025, The Gambler had previously lost $1.22M from partial liquidations on the same positions, with floating losses surpassing $4.6M at that time.