Prominent cryptocurrency trader AguilaTrades has initiated a high-risk 20x leveraged short position on Bitcoin valued at approximately 100 million USD via Hyperliquid derivatives exchange. The position, equivalent to 1,000 BTC, was entered at a price level of $99,616.60.
This substantial bet currently shows an unrealized loss exceeding $1.1 million, positioned precariously close to its liquidation threshold set at $104,724.95. Market volatility continues to threaten automatic closure of the position should Bitcoin prices further appreciate.
The maneuver follows AguilaTrades’ recent turbulent trading history. The whale previously liquidated a 20x leveraged Bitcoin long position with losses amounting to $16.61 million. A subsequent brief 20x leveraged short position resulted in $112,000 profits before closure.
These consecutive high-stakes trades exemplify the extreme volatility and substantial risks inherent in cryptocurrency leverage trading, particularly among major market participants navigating Bitcoin’s price fluctuations.