AguilaTrades has significantly expanded its short exposure on Bitcoin (BTC), increasing its bearish bet against the leading cryptocurrency.
The firm’s total short position on BTC now stands at approximately $43.99 million, reflecting a strengthened conviction in downward price movement.
This heightened short interest represents one of the market’s notable institutional positions anticipating Bitcoin price depreciation.
Market observers view this move as a clear indicator of AguilaTrades’ negative outlook on near-term BTC valuation.