Cryptocurrency trader AguilaTrades is confronting approximately $1.86 million in unrealized losses from a 20x leveraged short position on Bitcoin following the asset’s price rebound toward $101,500. The position carries a substantial notional value of $101.5 million, with an entry point established at $99,616.6 and liquidation risk looming at the $104,730 threshold.
This financial setback compounds the trader’s earlier difficulties, which included over $32 million in losses from three unsuccessful 20x leveraged long Bitcoin trades. The recurring high-stakes losses spotlight the extreme volatility inherent in cryptocurrency markets and underscore the amplified risks associated with ultra-high leverage trading strategies where minor price fluctuations can trigger significant financial consequences.