Cryptocurrency trader AguilaTrades has initiated a highly leveraged long position on Bitcoin valued at nearly $199 million on the Hyperliquid derivatives platform.
The position utilizes 20x leverage, representing a significant bet on Bitcoin’s price appreciation despite prevailing market volatility.
Initial unrealized gains exceeded $1 million shortly after opening the position. However, these gains subsequently contracted significantly, stabilizing at approximately $110,000.
The trade carries substantial risk, with an entry price of $104,976 and a liquidation threshold set at $97,276.67.
This massive leveraged position underscores the aggressive trading strategies employed within the cryptocurrency market and highlights the extreme volatility inherent in such high-stakes derivatives trading.