AguilaTrades has significantly scaled back its high-risk 20x leveraged Bitcoin long position, reducing its nominal value to approximately $206 million following substantial losses. The trader continues to manage exposure amid ongoing market volatility, implementing defensive measures to protect the remaining position.
The leveraged trade, initiated at an entry price of $106,014.2 per Bitcoin, currently faces an unrealized loss of $1.25 million and nears a liquidation threshold around $94,000. Over the past 24 hours, the position has accumulated $6.288 million in losses. To mitigate further risk, AguilaTrades injected an additional 5 million USDC in collateral, bringing the total collateral backing the position to 36.684 million USDC.
This strategic reduction and collateral reinforcement highlight the critical importance of active risk management in leveraged cryptocurrency trading during turbulent market conditions. The moves demonstrate how large-scale traders navigate volatility through position adjustments and liquidity safeguards to avoid forced liquidations.