According to BlockBeats, on-chain data reveals that trader AguilaTrades has experienced a significant loss on a 20x leveraged Bitcoin long position on Hyperliqud. The current unrealized loss exceeds $2.7 million, reducing the total position size to $350 million.
The position was opened at a price of $105,113.2, with a liquidation price set at $100,380. AguilaTrades has previously incurred losses on two similar long trades, with cumulative losses amounting to $15.4 million.
