According to Odaily, blockchain data analyst Yu Jin reports that trader @AguilaTrades has incurred substantial losses in his recent Bitcoin investment. The trader, who had leveraged a 20x long position on BTC, has begun liquidating his holdings, resulting in a loss of $11.72 million. Starting at 4:30 AM, he has reduced his position to $121 million. The remaining holdings are being liquidated using a TWAP (Time Weighted Average Price) strategy, which is set to complete in seven hours. Currently, he has 1,157 BTC long positions awaiting liquidation, valued at $121 million. The trader's Bitcoin investment has resulted in a loss of $11.72 million.

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