Prominent trader AguilaTrades has significantly increased his leveraged Bitcoin holdings, amassing a total position valued at $262 million.
This expansion builds upon an initial $200 million long position opened with 20x leverage. AguilaTrades subsequently acquired an additional 606 BTC.
The trader utilized a Time-Weighted Average Price (TWAP) order strategy to execute the purchase. This method involved spreading the buy orders over an 8-hour period.
The TWAP strategy was specifically chosen to minimize the market impact of the substantial order, allowing for steady accumulation without causing significant price fluctuations.
Following this strategic accumulation, AguilaTrades now holds a total leveraged position of 2,500 BTC.