Whale AguilaTrades Liquidates $100M BTC Short and Opens 20x Leveraged Long Position

COINOTAG News reports that prominent on-chain analyst Ai Yi (@ai_9684xtpa) has identified a significant market movement involving the whale trader AguilaTrades. Within a short span of 20 minutes, AguilaTrades executed the liquidation of an almost $100 million short position on Bitcoin (BTC). Subsequently, the trader initiated a 20x leveraged long position, signaling a strategic shift in market stance. Currently, AguilaTrades holds a substantial BTC portfolio of 1040.34 BTC, valued at approximately $111 million. The entry price for this leveraged position is recorded at $107,275.8, with a liquidation threshold set at $98,624. This move underscores the dynamic nature of leveraged trading within the cryptocurrency market and highlights the importance of monitoring whale activities for market sentiment insights.