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Whale 20x Short Attack on XRP: 2.73 Million Coins Large Order Entering, Is It Profit or Ambush?
【Blockchain Rhythm】On the afternoon of January 22, on-chain monitoring data showed that a large holder made a significant move on XRP—20x leveraged short position, entering with 2.735 million XRP at an average entry price of $1.95.
This order is currently slightly in profit, but the overall account still incurred a loss, with an unrealized loss of $182,000. According to the data, this whale is not rushing to cut losses but is instead waiting for the development of subsequent market trends.
Such large leveraged shorts usually imply a few possibilities: either a clear short-term bearish outlook or a test of a certain support level. XRP’s recent volatile movements mean this order will inevitably attract market attention. How the subsequent market develops, we will continue to observe.