Cryptocurrency trader @AguilaTrades has reopened a significant leveraged long position on Bitcoin, signaling cautious optimism in the market despite incurring a substantial loss just days prior.
The position, opened on the Hyperliquid derivatives platform, involves 1,894 Bitcoin valued at approximately $200 million. It employs 20x leverage with an entry price of $104,976 per Bitcoin and carries a liquidation threshold set at $97,265.
As of the latest data, the position shows an unrealized profit of roughly $910,000.
This aggressive move follows a previous leveraged long position held by the same trader, which was closed resulting in a reported loss of $12.48 million.
The reopening of such a large leveraged position underscores the inherent volatility and significant risks associated with high-leverage trading strategies within the cryptocurrency market.