Trader ’qwatio’ verliert über 3,6 Millionen US-Dollar mit XRP-Short-Positionen während Token-Rally
Ein vermeintlicher Crypto-Whale geht baden - und zeigt dabei perfekt, warum Short-Selling im Kryptomarkt dem russischen Roulette gleicht.
Die blutige Bilanz
Trader 'qwatio' verbrannte sich systematisch die Finger, als XRP unerwartet Fahrt aufnahm. Über 3,6 Millionen Dollar Verlust häuften sich an - Position um Position, Trade um Trade.Die Ironie des Marktes
Während traditionelle Finanzanalysten noch über 'fundamentale Bewertungen' schwadronieren, demonstriert qwatio's Debakel die brutale Effizienz cryptoeigener Märkte: Hier zählt nicht das Warum, sondern das Wann.Die Moral von der Geschicht
Wer mit Hebel gegen die Crypto-Tide schwimmt, sollte nicht überrascht sein, wenn er am Ende mit leeren Taschen dasteht - aber hey, wenigstens liefert es großartiges Anschauungsmaterial für den nächsten 'How to lose money in crypto'-Workshop.Trader liquidated after XRP’s brief market rebound
According to screenshots of the account’s address shared by Lookonchain, the trader has made a combined profit and loss volume decline over September, with overall PnL dipping to negative $3.6 million. 100% of the trader’s exposure was concentrated in shorting XRP.
At the time, nearly 4.97 million XRP had been borrowed for shorting, valued at $14.34 million. The entry price averaged $2.8518, but the market price shot up fast to $2.8804, placing the position in further deficit.
On Monday at around 22:15 UTC, a large market order closed one of qwatio’s short positions, liquidating 1,244,729 XRP at $2.9154 per token. That single order represented a trade value of more than $3.6 million in USDC, with a fee exceeding $1,089.
The closed profit-and-loss line showed a direct hit of $83,223. Earlier trades throughout the day had repeatedly opened smaller short positions around $2.84 to $2.85, with many of these recording incremental negative results.
Lookonchain had reported prior to the incident that qwatio had been on a losing streak in the days leading up to Monday’s liquidation. In the morning, the trader was reported to have closed earlier short positions in both Bitcoin and XRP, counting losses north of $3.4 million.
Undeterred by the red in his portfolio, he quickly reopened another massive short, this time borrowing 6.17 million XRP valued at $17.6 million. That position carried a liquidation price of $2.9155, almost exactly the level where Monday evening’s rally forced a partial closure.
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
The trading spree was followed by another episode on September 26, when qwatio set up a new wallet labeled “0x9018” and returned to the derivatives platform Hyperliquid with 4.22 million USDC.
Records show he used the capital to short 1,366.67 BTC, valued at $150 million with 40x leverage, alongside 2.78 million XRP worth $7.7 million at 20x leverage. Both trades went against him, resulting in another $1.2 million loss. His Bitcoin liquidation threshold was $110,280, while for XRP was $3.0665.
Trader places another 20x leveraged cross bet on Ripple’s downfall
Even in the face of heavy losses, qwatio has opened a new position by borrowing 555,555 XRP, worth approximately $1.58 million, to short XRP at an entry price of $2.851 per token. He applied a 20x cross leverage carrying an exposure equivalent to $15.78 million, risking his full account margin of $822,624.
At the time of this publication, XRP’s price consolidated at around $2.8415, a slight dip that has placed the position in unrealized gains of $55,900. Still, the liquidation price for this short was set at $2.916, leaving just a 2.6% margin for error before his account could have been totally wiped out in liquidations.
A small upward move of around $0.07 from the market level at 10 AM UTC WOULD have been enough to trigger closure of the entire account, but XRP has stumbled down 0.9% since. If XRP dropped to $2.50, the trader would gain roughly $1.87 million, a 23% return to help him recover from the previous losses.
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