Bitcoin Whale AguilaTrades Shifts to $81.84M Short Position After $16.61M Loss on 20x Leverage Trade

COINOTAG News reports that the prominent whale trader, AguilaTrades, has recently liquidated its Bitcoin long position leveraged at 20x, incurring a substantial loss of $16.61 million. This move marks a significant shift in the trader’s strategy amid volatile market conditions. Subsequently, AguilaTrades has initiated a new 20x leveraged short position on Bitcoin, currently valued at $81.84 million. This strategic repositioning highlights the trader’s bearish outlook on Bitcoin in the near term. Aggregating the last three trades, AguilaTrades has sustained a cumulative loss exceeding $32 million, underscoring the high-risk nature of leveraged trading in cryptocurrency markets. Market participants should note the impact of such large-scale positions on Bitcoin’s price dynamics and liquidity.