Prominent cryptocurrency trader AguilaTrades is making significant moves in the Bitcoin market by actively increasing their long position, with plans to push its total value beyond $250 million.
The trader’s strategy includes the execution of a Time Weighted Average Price (TWAP) order. This algorithmic approach facilitated the accumulation of an additional 2,000 BTC over an eight-hour period, smoothing out acquisition costs by spreading the buys.
Current data reveals that AguilaTrades holds a substantial position on Hyperliquid. Its notional value stands at approximately $76.92 million, established at an average entry price of $104,746.3 per Bitcoin.
This sizable investment faces near-term pressure, experiencing an unrealized loss close to $40,000 at the time of reporting. The liquidation price associated with the position is identified at $74,102.
Despite the current market position showing a loss, AguilaTrades’ continued expansion underscores a pronounced commitment to Bitcoin. The planned move beyond a $250 million long position signals the trader’s strong conviction on BTC’s longer-term trajectory.