XRP Trader Losses Over $3.6M. Here’s What Happened

Well-known crypto trader Qwatio has once again faced major losses after a leveraged short bet against XRP went against ￰0￱ from Lookonchain shows that his cumulative losses on XRP and Bitcoin trades have now surpassed $3.6 million, following the most recent liquidation of part of his XRP ￰1￱ originally entered a short trade involving 6.17 million XRP, valued at around $17.6 million, with 20x ￰2￱ entry price was $2.8519, and the position was set to be liquidated if XRP reached $2.9155. He was essentially wagering on a decline in XRP’s price below his entry point. Instead, XRP climbed to $2.92 during the previous trading session, surpassing its liquidation ￰3￱ move partially closed his position at $2.9154, resulting in a realized loss of approximately $83,223.

Remaining Exposure and Unrealized Losses Although part of his position was liquidated, Qwatio still holds a significant exposure of about 4.98 million XRP, worth $14.34 million at current ￰4￱ open position has a liquidation level at $2.932 and is already showing an unrealized loss of roughly $145,000. If XRP approaches this liquidation price, the trader could face much larger ￰5￱ setback is not an isolated ￰6￱ this liquidation, Qwatio had already accumulated more than $3.4 million in losses from earlier short trades on XRP and ￰7￱ the new $83,223 realized loss brings his total losses across these trades to over $3.6 ￰8￱ Price Action and Market Impact At the time of writing, XRP has retreated slightly from its recent peak of $2.92, trading near $2.82.

The token has declined 0.42% over the last 24 hours but remains modestly higher on a weekly and monthly basis, up 0.35% and 1.51%, ￰9￱ trading activity around XRP has been ￰10￱ the past day alone, more than $7 million in positions have been ￰11￱ this amount, $5.3 million came from long traders, while $2.02 million came from ￰12￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Potential Liquidation Scenarios Market data suggests that XRP approaching $2.93 , the same level tied to Qwatio’s liquidation threshold, could trigger an additional $41.39 million in short liquidations across the ￰13￱ the other hand, if the price retraces to $2.80, an estimated $86 million in long positions could be wiped ￰14￱ to the overall crypto market, XRP’s $7.2 million in daily liquidations represents a smaller ￰15￱ the broader market, liquidations have totaled approximately $338 million in the past 24 hours, with $158.46 million from long positions and $179 million from shorts.

Qwatio’s situation highlights the risks of highly leveraged trading in volatile assets such as ￰16￱ nearly $15 million still tied up in an active short and the token trading close to his liquidation point, the trader’s exposure remains ￰17￱ broader market also shows elevated liquidation levels, underscoring the hazards faced by both long and short participants during periods of sharp price ￰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