AguilaTrades Reduces $206M 20x Long Bitcoin Position Amid $6.3M Loss

According to data from HyperInsight, prominent trader AguilaTrades has been methodically scaling down their 20x leveraged Bitcoin long position since June 17. The position’s nominal value has contracted to approximately $206 million, with an entry price fixed at $106,014.2 and a liquidation threshold set near $94,000. Despite this strategic reduction, AguilaTrades is currently facing an unrealized loss of $1.25 million, contributing to a cumulative loss of $6.288 million over the last 24 hours. In a risk management move, the trader injected an additional 5 million USDC into Hyperliquid as collateral, elevating the total collateral to 36.684 million USDC. This adjustment underscores the trader’s efforts to maintain position stability amid volatile market conditions, highlighting the importance of collateral management in leveraged crypto trading.