Prominent cryptocurrency trader AguilaTrades has executed a significant portfolio shift.
He liquidated an existing long position in Ethereum (ETH), resulting in a loss of nearly $3 million.
Following the exit, AguilaTrades deposited $5.28 million worth of USDC stablecoin onto the decentralized perpetuals exchange Hyperliquid.
Utilizing this capital, he opened a highly leveraged Bitcoin (BTC) long position at 20x leverage.
This leveraged trade gives AguilaTrades exposure to 16.95 million dollars worth of Bitcoin, representing a notional position value of approximately $200.5 million.