According to data provided by Onchain Lens, Trader @Qwatio is Liquidation His 20x XRP short position.
As Reported by U.Todaya position with an expected value of $17.6 million opened on Monday after suffering a $3.4 million loss in XRP and Bitcoin positions.
According to Coingecko, XRP reached an intraday high of $2.91, the trader’s liquidation price.
After initially depositing $4.2 million on the high lipid trading platform, traders only have $653,000 left following three consecutive days of failed trading.
Liquidation worth $7.6 million
Coinglass data shows that around $7.6 million worth of XRP has been liquidated over the last 24 hours, with a long position taking up this total (64%) of lions’ share.
According to the latest data, high lipids account for more than 50% of all liquidations.
