Trader AguilaTrades Exits ETH Long with $3M Loss, Goes All-In on BTC with $200M 20x Leverage Position

Mars Finance News reports that prominent trader AguilaTrades recently liquidated his ETH long position, incurring a loss near $3 million, as revealed by the on-chain analytics firm Lookonchain (@lookonchain). Following this, AguilaTrades strategically injected $5.28 million in USDC stablecoins into the Hyperliquid platform, signaling a shift in trading tactics. Subsequently, the trader initiated a highly leveraged BTC long position at 20x leverage, controlling approximately $16.95 million in Bitcoin, equating to a notional value of $200.5 million. This move underscores a significant capital allocation towards Bitcoin, reflecting confidence in its near-term price dynamics within the crypto derivatives market. Market participants should closely monitor such large-scale leveraged positions, as they can influence liquidity and volatility across digital asset exchanges.