Trader AguilaTrades was forced out of a short position after Bitcoin rebounded above $83,000, adding another loss of about $250,000, according to monitoring data cited by EmberCN. The latest setback came shortly after the well-known trader returned to public trading activity following a 14-month break.
The report said AguilaTrades first lost about $300,000 on a long position opened yesterday. He then flipped short, only to be stopped out again as BTC rebounded near the lows. With the additional loss, the trader’s capital reportedly fell from $700,000 to about $150,000 within a day.
The same update said AguilaTrades’ cumulative losses have now reached about $38.16 million. The figures were cited in a BlockBeats market update published on Oct. 9.
AguilaTrades was forced to close a short position at a loss after Bitcoin rebounded above $83,000, according to monitoring data cited by EmberCN in a BlockBeats update published on Oct. 9. The latest stop-out cost the trader about $250,000.
AguilaTrades had not publicly opened positions for 14 months before returning to trading. Since coming back, the trader has posted back-to-back losses. He first lost about $300,000 on a long position opened yesterday, then reversed into a short. That trade was also stopped out as BTC rebounded near the lows, leading to another loss of roughly $250,000.
The report said the trader’s $700,000 principal had fallen to about $150,000 within a day. It also said cumulative losses had climbed to about $38.16 million.
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