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 Bitcoin. XRP 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 Falllling. Data from the on-chain analytics platform Lookonchain revealed that the trader was forced to partially liquidate previous positions during the upswing, suffering significant losses. The 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 leverage. The trades were set with liquidation thresholds of $110,280 for Bitcoin and $3.0665 for XRP. As the market rose, both trades were closed at a loss, resulting in an estimated $3.4 million setback for the trader. As 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. https://t.co/beUxvfctNU https://t.co/cqRQ4wLXdu pic.twitter.com/UUVBkWaRd4 — Lookonchain (@lookonchain) September 29, 2025 New Position Reopened Despite these losses, Falllling quickly re-entered the market with another aggressive position. The new trade involves a short bet against 6.17 million XRP, valued at approximately $17.6 million, again placed with 20x leverage. The 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 gains. We 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 market. According to Coinglass data, a total of $348.51 million in positions were liquidated in the last 24 hours. Short positions accounted for the majority at $280.82 million, while long positions made up $87.69 million. XRP alone contributed approximately $2.81 million in short liquidations, while Bitcoin led the market with $47.26 million. Analysts 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 liquidated. The 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 stabilizing. With 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 gain . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Prominent Trader Reopens $17.6 Million Short Against XRP. What Does He Know? appeared first on Times Tabloid .