Ethereum Short Position Nets Trader AguilaTrades Over $2.45 Million in Unrealized Profits

On July 20, on-chain analytics revealed that prominent trader AguilaTrades maintained significant short positions in both Ethereum and Bitcoin, showcasing a strategic bearish stance amid current market conditions. The trader’s 15x leveraged Ethereum short position, valued at approximately $212 million, was entered at $3,586.79 with a liquidation threshold set at $3,772.7, generating an unrealized profit exceeding $2.45 million. Concurrently, AguilaTrades held a 20x leveraged Bitcoin short position worth over $141 million, initiated at $117,807.3 and liquidating at $129,630, with unrealized gains surpassing $80,000. These substantial positions underscore the trader’s confidence in a potential downward correction for these leading cryptocurrencies. Such data offers valuable insight into market sentiment and risk management strategies employed by high-profile investors, emphasizing the importance of monitoring leveraged positions for informed crypto trading decisions.