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XRP Whale Liquidation: Why $1.69 Is the Critical 'Point of No Return' for a $4 Million Short Position on Hyperliquid
TL;DR
A major whale on Hyperliquid risks a $4 million liquidation of their XRP short position if the price hits $1.69. Currently, the whale's other positions in BTC and ETH are profitable, but the XRP short has incurred a loss of over $29,000.
Key points
- Whale's XRP short position is worth almost $4 million.
- Liquidation risk if XRP price hits $1.69.
- Current loss on XRP position is -$29,050.
Mentioned in this story
Hyperliquid
TAO
On Hyperliquid, a critical situation has been recorded in the portfolio of one of the platform's largest players, '0xc30...ba4c9' as per whale tracker by CoinGlass. His bet on a decline in XRP, worth almost $4 million, risks being fully liquidated if the token's price rises to $1.69.
At the moment, the whale holds four short positions: BTC, ETH, XRP and TAO, with total leverage of 7.10x. Although the Bitcoin, Ethereum and TAO positions are currently in the green and are generating a combined unrealized profit of about $13,000, the XRP short wipes out that success with a current loss of –$29,050, or –5.10%.
How XRP short threatens to wipe out a whale's BTC and ETH gains
Interestingly, the entry price of $1.42 is in the same corridor where XRP is currently trading. Despite this, the Hyperliquid whale got himself trapped by leverage. At the current margin level, the safety cushion is just over 17%, with a position size of $3.99 million, or 2.78 million XRP in equivalent terms.
Hyperliquid Whale Tracker '0xc30c..c9', Source: CoinGlass
The main problem in the portfolio is its imbalance. The XRP short accounts for more than 60% of the total value of all positions, making it the decisive factor for the survival of the entire account. The numbers point to an extremely dangerous position.
Free margin stands at only $10,590, which means only 1.18% of capital can be withdrawn or used for any maneuver.
Q&A
What happens if XRP reaches $1.69 for the whale's position?
If XRP's price rises to $1.69, the whale's $4 million short position will be fully liquidated.
How much leverage is the whale using on Hyperliquid?
The whale is using a total leverage of 7.10x across their positions on Hyperliquid.
What are the current losses on the whale's XRP short position?
The whale's XRP short position is currently showing a loss of approximately $29,050, or 5.10%.
