X @Lookonchain

Market Volatility & Trader Activity - A trader named @qwatio experienced partial liquidation amidst market rebound [1] - @qwatio initially closed short positions on $BTC and $XRP, incurring a $3.4 million loss [1] - The trader then reopened a 20x short position on 6.17 million $XRP, valued at $17.6 million, with a liquidation price of $2.9155 [1] - @qwatio created a new wallet and returned to Hyperliquid with $4.22 million $USDC [1] - The trader shorted 1,366.67 $BTC ($150 million) with 40x leverage and 2.78 million $XRP ($7.7 million) with 20x leverage, resulting in a loss of over $1.2 million [1] Liquidation Levels - $BTC liquidation price was $110,280 [2] - $XRP liquidation price was $3.0665 [2]