Key Points
- •XRP trader qwatio suffers over $3.6M in losses.
- •High leverage positions by trader impacted.
- •XRP nearing liquidation price, causing market waves.
Crypto trader "qwatio" faced over $3.6 million in losses from a partially liquidated XRP short position, reported by Lookonchain on September 30, 2025.
The event highlights the risks of high-leverage trading, impacting XRP's market dynamics as it approaches critical liquidation thresholds, potentially inducing broader volatility.
A well-known crypto trader, using the names "qwatio" and "Falllling," faced more than $3.6 million in losses after a leveraged XRP short position was partially liquidated. This came as XRP lingered near the critical liquidation price.
The trader qwatio, recognized for high-risk positions in XRP and Bitcoin futures, has up to 6.17 million XRP exposure, even after liquidation. Analysis shows a trend of high-leverage losses, notably in BTC and XRP trades.
The liquidation event has affected market volatility significantly, with XRP experiencing around $8.1 million in liquidations within a day. This has contributed to market instability, causing concerns over high-leverage practices.
Gambler @qwatio's $XRP short was partially liquidated again, and the total loss has now exceeded $3.6 M.
If XRP surpasses $2.93, a potential $41 M–$44 M in liquidations might trigger. Industry observers warn of increased risks and possible regulation scrutiny from such leveraged activities.
Current market dynamics remain tense, as such events highlight the risks of high-leverage trade. Lookonchain’s analysis provides insights into historical trends, revealing this trader’s consistent exposure to loss.
High-leverage trading in assets like XRP and BTC can lead to cascading effects across markets, sparking debates on regulation and sustainability. Insights stress the potential repercussions on trading policies and practices.