BTC Long Position Loses $31.72 Million as Price Drops Below $101,000, AguilaTrades Reduces Exposure

According to on-chain analyst Ai Auntie (@ai_9684xtpa), recent market movements have significantly impacted major Bitcoin positions. As BTC slipped below the critical $101,000 threshold, AguilaTrades experienced a substantial drawdown, with losses totaling $31.72 million over the last month on his long BTC holdings. In a swift risk management move within the past 10 minutes, AguilaTrades reduced his exposure to $185 million and liquidated a short position amounting to 1,685.13 BTC. Despite these adjustments, an unrealized loss of $8.21 million remains, with the liquidation price currently set at $98,041. This data underscores the volatility and risk inherent in leveraged crypto trading, emphasizing the importance of vigilant position management amid fluctuating Bitcoin prices.