Whale AguilaTrades Opens Massive 20x BTC Short Position Amid Market Volatility

On-chain analytics reveal that prominent whale AguilaTrades has recently initiated a substantial 20x leveraged short position on Bitcoin via Hyperliquid, valued at 1000 BTC. The entry price was recorded at $99,616.60, with a liquidation threshold set at $104,724.95. This strategic move, executed approximately six hours ago, currently reflects an unrealized loss exceeding $1.1 million, highlighting the inherent volatility and risk associated with high-leverage trading in the crypto markets.

Earlier developments indicate that AguilaTrades liquidated a 20x leveraged long Bitcoin position, incurring a significant loss of $16.61 million following a pronounced market downturn. Subsequently, the trader capitalized on short-term market fluctuations by briefly opening and closing a 20x BTC short position, securing a modest profit of $112,000. These transactions underscore the dynamic and high-stakes nature of leveraged trading among crypto whales, emphasizing the importance of risk management and market timing.