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Trader opens $26.5M 20x leveraged shorts on BTC, ETH, XRP, betting on crypto price drops

Market News
08 Oct 2026
UToday
View Source
Bearish
Trader opens $26.5M 20x leveraged shorts on BTC, ETH, XRP, betting on crypto price drops

A crypto trader known as 0xdd6a has established a massive $26.5 million short position with 20x leverage across major cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, and XRP. The trader is currently profiting from recent price declines, with Ethereum and Solana positions leading gains. These large leveraged shorts indicate a bearish outlook and pose risks of forced liquidations if prices move against the positions. Investors should watch for upcoming market events that could trigger further price moves or position adjustments.

Bitcoin, Ethereum, and XRP are all down on Pluang as of Oct 08, 2026 17:21 WIB, with XRP falling 2.90% to Rp25.233 and Ethereum down 1.08% at Rp45.787.841. Bitcoin trades at Rp1.483.787.899, down 1.04%, while Solana also dropped 2.49% to Rp2.051.929. These price moves coincide with increased short positions, reflecting current market volatility.

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