Wynn

Trader

James

<p>In the crypto jungle, success is not always guaranteed. One day, you accumulate wins, euphoric. The next day, it’s a cold shower, your portfolio is in tatters. This is exactly what a certain @qwatio, also known as Falllling, is experiencing. He has just surpassed 3.6 million dollars in losses by betting against XRP. And yet, he continues. His latest short is hanging just a few cents from liquidation. Suspended, literally.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
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   <li>Trader @qwatio accumulates $3.6M losses on high-leverage crypto positions.</li>
   <li>He maintains a 20× XRP short near a liquidation threshold set at $2.93.</li>
   <li>A $0.07 rise could trigger a full liquidation and a massive short squeeze.</li>
   <li>The market watches his stubbornness, between fascination for risk and lessons in extreme trading.</li>
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<h2 id="h-this-crypto-bettor-doesn-t-give-up-despite-3-6m-lost">This crypto bettor doesn’t give up, despite $3.6M lost</h2>
<p>This is no longer trading, it’s a duel. Despite colossal losses, @qwatio keeps shorting XRP.</p>
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<p>The numbers are dizzying. He shorted 1,366.67 BTC at 40× and 2.78 million XRP at 20×, liquidated above $110,280 and $3.0665 respectively. Result: <a href="https://beincrypto.com/traders-xrp-short-partially-liquidated-again" target="_blank" rel="noopener noreferrer nofollow">$3.6M in losses</a>. He is following up with a new position of 6.17M XRP (≈ $17.6M) at 20× leverage. As soon as the XRP price approaches $2.9155, his position shakes.</p>
<p>He doesn’t relent. Even after a partial liquidation, he remains exposed to $14.3M on 4.98M XRP. XRP hovers around $2.90. Needless to say, the slightest upward wave is enough to take him out.&nbsp;</p>
<p>No stop-loss. No plan B. Just the conviction that it will go down.</p>
<h2 id="h-xrp-the-short-seller-trap-that-nobody-seems-to-avoid">XRP, the short seller trap that nobody seems to avoid</h2>
<p>XRP attracts short sellers like mosquitoes to light. It is liquid, volatile, and offers a perfect ground for those who like to play it tight. But by playing with fire, some seriously get burned.</p>
<p>A slight shiver in the market, and a whole house of cards threatens to collapse. If the <a href="https://www.cointribune.com/en/crypto-markets/xrp-xrp-en/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> crosses the $2.93 mark, platforms could liquidate up to 44 million dollars in short positions, in a brutal automatic chain reaction. This type of cascade trigger — called a short squeeze — is unforgiving: it forces short sellers to urgently buy back, pushing the price even higher. It is a trap feared even by the most seasoned.&nbsp;</p>
<p>And in this case, the thresholds are so tight that the slightest movement acts like a detonation.</p>
<p>Here are the facts that make people tremble:</p>
<ul>
 <li>$3.6M: cumulative losses of the trader on his XRP and BTC shorts;</li>
 <li>$2.9155: liquidation threshold of his large position;</li>
 <li>555,555 XRP: new short opened after losses, at 20×;</li>
 <li>$0.07: variation sufficient to trigger a new liquidation;</li>
 <li>115.92%: margin used according to Hypercan.</li>
</ul>
<p>His behavior borders on obsession. He created a new wallet (0x9018), injected 4.22M USDC, and restarted the machine. Observers no longer see a strategy but a form of addiction disguised by the word “conviction.”</p>
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<p>Even the greats make mistakes. Billionaire James Wynn also experienced a setback with bitcoin. To bounce back, <a href="https://www.cointribune.com/en/crypto-james-wynn-the-billionaire-trader-bets-everything-on-the-aster-airdrop/" target="_blank" rel="noopener noreferrer nofollow">he bet everything on the ASTER airdrop</a>, hoping to turn this drop into a jackpot. A new bet. A new chance?</p>

This Trader’s $3.6M XRP Short Is Hanging by a Thread

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