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This guy is tough, a short position on XRP made the XRP officials so mad that they blocked him!
This order conveys one message.
Let’s see if the market makers can raise the market cap of XRP to $4 trillion, surpass Bitcoin, surpass Apple, and then come and blow up my $12 million position!
Moreover, the profits from this trader's Bitcoin position will continuously push up the liquidation price. By next year, when the bull market starts, this trader's XRP liquidation price might be pushed up to $150 or even $200. What does that mean?
Unless the market makers have unlimited dollars and the ability to raise XRP by another 100 times, they can't blow up this trader.