AguilaTrades dives back in with a $200M Bitcoin long at 20x leverage, chasing redemption after a $12.47M loss.
Bitcoin remains AguilaTrades’ sole bet on Hyperliquid, with no altcoins, hedges, or other trades in play, full exposure, full risk.
Despite a tight $5K liquidation gap, AguilaTrades is up $916K on BTC, showing bold conviction in short-term upside momentum.
Top crypto trader AguilaTrades has opened a massive $200 million Bitcoin long position with 20x leverage on Hyperliquid, despite suffering a recent $12.47 million loss. The bold move marks a renewed effort to reclaim dominance on the new platform after topping Bybit’s leaderboard with over $77.36 million in profits across the past year.
Aggressive Bitcoin Position Signals Confidence Despite Setback
According to a post by Lookonchain, AguilaTrades, who previously ranked 1 on Bybit’s PnL charts with a 36.45% ROI, recently shifted operations to Hyperliquid, opening a new BTC/USDT perpetual position with a full 100% long exposure. This new trade involves 1,894 BTC, valued at nearly $199.77 million, and is being managed under 20x leverage with a margin usage of 54.75%.
https://twitter.com/lookonchain/status/1934107128924651550
The trader’s entry price for the Bitcoin long is locked at $104,976.00, while the current live price sits slightly higher at $105,480.00. This gives AguilaTrades an unrealized profit of $916,846.50 and a 9.18% return on equity, though the position still carries past unrealized drawdowns, including the sharpest dip of -$12.47 million on June 12.
High-Leverage Strategy Comes With Volatile Performance History
According to an observation on Hyperdash, AguilaTrades’ trading profile shows a consistent win streak across 187 profitable days over the past year, reinforced by 41 weekly, 24 bi-weekly, and 15 monthly trading titles. His performance chart reveals frequent ROI spikes exceeding 50%, with some trades drawing down close to -100%, underscoring an aggressive risk-reward style.
Since May, the ROI has stabilized into a tighter range, with most fluctuations between ±10%, reflecting either a shift in strategy or adaptive caution. Early June losses were minor but highlighted residual market volatility. Funding costs on the BTC long stand at -$8,113.20, signaling ongoing expense to maintain the position, while realized profit from earlier trades shows $516,846.50 already locked in.
Bitcoin Remains the Sole Focus of Trader’s Hyperliquid Strategy
Currently, AguilaTrades holds no other open contracts , every dollar is allocated toward Bitcoin. No altcoins or diversified hedges are visible under his Hyperliquid account, reinforcing conviction in Bitcoin’s short-term upside. The liquidation price is set at $99,888.70, providing a ~$5,000 buffer below the current entry.
Such concentrated leverage positions are rare at this scale, but they reflect unwavering confidence. Whether this high-risk Bitcoin trade re-establishes AguilaTrades as the top-performing trader on Hyperliquid will depend on Bitcoin holding above the key $105K level.
The post AguilaTrades Opens $200M Bitcoin Long at 20x Leverage Despite $12.47M Drawdown appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
