Lookonchain data shows that trader AguilaTrades, who had previously accumulated losses of $38 million, opened a new Bitcoin short position about four hours ago using 40x leverage. The position was valued at $10.14 million and covered 124.24 BTC. At the time of the update, the trade was showing an unrealized profit of $165,000. The liquidation price for the position was listed at $83,432.22. The move puts AguilaTrades back in focus because of the trader’s earlier large losses, while the latest position details point to a high-risk directional bet on BTC in the short term.
Lookonchain data shows trader AguilaTrades, after previously piling up $38 million in losses, opened a 40x leveraged BTC short roughly four hours ago.
That position was worth $10.14 million and came to 124.24 BTC. At the time of the update, it was sitting on an unrealized profit of $165,000, and its liquidation price was $83,432.22.
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