📉💥 Partial liquidation of a famous trader in the futures market for XRP!$BTC $XRP $SEI

The futures markets witnessed a new partial liquidation of the position of the trader known as Falllling (qwatio), after opening a short position worth $17.6 million against XRP using a leverage of ×20.

💰 With the price rising to around $2.90 (+1.5% in 24 hours), his losses exceeded $3.6 million, while his current position (valued at $14.3 million) is approaching the liquidation zone at just $2.93!

🔹 The trader is known for his adventures in the highly leveraged futures market and has incurred huge losses in his previous bets on XRP and BTC.

🔹 Analysts see that insisting on short positions in a rising market is a deadly risk, especially with high leverage that amplifies losses.

💡 Advice:

Despite the great temptations in the futures market, we must know that this type of trading is prohibited by Sharia, as it is based on gambling, usury, and unknown risk (gharar), which are transactions that Islam has forbidden.

A little halal money is better than millions that come through suspicious means with no blessings in them 💔

🔥 Question for followers:

Do you think painful experiences like this deter people from prohibited speculation?

And have you ever experienced a situation where you lost due to greed or ignorance? Share your opinion 👇