coin-img-ETHETH-4.42%coin-img-BTCBTC-4.62%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.78%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.89%coin-img-DOGEDOGE-2.78%coin-img-ETHETH-4.42%coin-img-BTCBTC-4.62%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.78%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.89%coin-img-DOGEDOGE-2.78%coin-img-ETHETH-4.42%coin-img-BTCBTC-4.62%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.78%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.89%coin-img-DOGEDOGE-2.78%coin-img-ETHETH-4.42%coin-img-BTCBTC-4.62%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.78%coin-img-XRPXRP-3.81%coin-img-USDCUSDC+0.02%coin-img-ASTERASTER+5.89%coin-img-DOGEDOGE-2.78%
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Gamza Khanzadaev

Trader Opens $27.4M XRP Short at 20x Leverage as Long-Term Bitcoin Holders Offload 815,000 BTC in 30 Days

A derivatives trader has established a $196 million leveraged short position spanning BTC, XRP, and ZEC, with the XRP component reaching $27.4 million at 20x leverage. Long-term Bitcoin holders have distributed 815,000 BTC over the past 30 days, representing the largest selling wave since January 2024, according to CryptoQuant data. The supply injection coincides with seasonally weak Q4 performance patterns observed in 2022 and 2019.
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