Gambler Qwatio Loses $3.4M, Reopens High-Leverage XRP Short
Qwatio lost $3.4M closing BTC & XRP shorts but re-entered with a $17.6M 20x short on XRP, aiming for a high-risk play.
- Qwatio was partially liquidated, losing $3.4M.
- He closed his BTC and XRP short positions.
- Re-entered with a 20x short on 6.17M XRP ($17.6M).
Qwatio Takes a $3.4M Loss—But He’s Not Done Yet
As the crypto market made a surprising rebound, well-known trader and gambler @qwatio found himself on the losing end. He was partially liquidated, forcing him to close his short positions on Bitcoin (BTC) and XRP, resulting in a $3.4 million loss.
Many traders would step back after such a hit—but not Qwatio.
Re-entering the Market With a Bold Bet
After closing out his earlier positions, Qwatio immediately reopened a massive short on XRP, showing no signs of hesitation. He placed a 20x leveraged short worth $17.6 million on 6.17 million XRP, with a liquidation price set at $2.9155.
This move indicates he’s betting big on XRP dropping sharply. Such high leverage means even a small upward movement in XRP’s price could wipe out the position. But if the market turns bearish, the rewards could be massive.
High-Risk Strategy Amid Market Volatility
Qwatio’s trading behavior showcases the high-stakes nature of leveraged crypto trading. A $3.4M loss would end most trades, but his quick re-entry suggests extreme conviction—or extreme risk appetite.
With XRP’s current volatility, all eyes are on whether this risky move will pay off or end in another liquidation. For now, traders are watching closely, knowing the market could swing either way—and Qwatio is riding right at the edge.
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