Prominent Trader Reopens $17.6 Million Short Against XRP. What Does He Know?

A well-known cryptocurrency trader has re-entered the market with a highly leveraged bet against XRP, opening a $17.6 million short position shortly after taking heavy losses from earlier trades on both XRP and ￰2￱ Price Recovery Pressures Short Sellers The broader digital asset market showed modest recovery over the weekend, with XRP climbing 2% in the past 24 hours to trade above $2.80. This rebound proved costly for traders who had maintained large short positions, including the pseudonymous investor ￰3￱ from the on-chain analytics platform Lookonchain revealed that the trader was forced to partially liquidate previous positions during the upswing, suffering significant ￰4￱ earlier bets included a 1,366.67 BTC short worth around $150 million at 40x leverage and an additional 2.78 million XRP short valued at $7.7 million with 20x ￰5￱ trades were set with liquidation thresholds of $110,280 for Bitcoin and $3.0665 for ￰6￱ the market rose, both trades were closed at a loss, resulting in an estimated $3.4 million setback for the ￰7￱ the market rebounded, gambler @qwatio was partially liquidated!

He closed his short positions on $BTC and $XRP , losing $3.4M. He then reopened a 20x short on 6.17M $XRP ($17.6M), with a liquidation price of $2.9155. ￰0￱ ￰1￱ ￰8￱ — Lookonchain (@lookonchain) September 29, 2025 New Position Reopened Despite these losses, Falllling quickly re-entered the market with another aggressive ￰9￱ new trade involves a short bet against 6.17 million XRP, valued at approximately $17.6 million, again placed with 20x ￰10￱ liquidation point for this trade is set at $2.9155, marginally above XRP’s current price of $2.88. According to available data, the position is already showing a paper loss of more than $34,000. Such a strategy highlights the risks associated with high leverage.

A price increase to the liquidation threshold would erase the entire position, while any significant downward movement could yield outsized ￰11￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Market-Wide Liquidations Increase The weekend rally triggered widespread liquidations across the cryptocurrency ￰12￱ to Coinglass data, a total of $348.51 million in positions were liquidated in the last 24 ￰13￱ positions accounted for the majority at $280.82 million, while long positions made up $87.69 ￰14￱ alone contributed approximately $2.81 million in short liquidations, while Bitcoin led the market with $47.26 ￰15￱ note that if XRP advances to $2.916, slightly above the liquidation level of Falllling’s position, nearly $44 million in XRP shorts could be ￰16￱ trader’s decision to reopen such a large bet against XRP underscores ongoing bearish sentiment among some market participants, even as the broader market shows signs of ￰17￱ liquidation levels set so close to current prices, XRP’s short-term movements could determine whether the strategy results in another substantial loss or a major ￰18￱ : This content is meant to inform and should not be considered financial ￰19￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰20￱ are urged to do in-depth research before making any investment ￰21￱ action taken by the reader is strictly at their own ￰22￱ Tabloid is not responsible for any financial ￰23￱ us on Twitter , Facebook , Telegram , and Google News