Trader AguilaTrades opened long positions of 1,894 BTC at $104,976 this morning (20x leverage), with a position value of $200 million, a liquidation line at $97,265, and current floating profit of $910,000. This trader previously closed a long position with the same strategy on June 9 with a loss of $12.48 million, and this time they are aggressively counterattacking after a loss.

Analysis by Qin Ge

Behavioral Logic: The rapid increase in positions reflects a bet on a short-term technical rebound (with $104,000 being the recent oscillation center), but under 20x leverage, a drop of only 7.3% would lead to liquidation, creating an unbalanced risk-reward ratio; Market Signals: Large long positions are concentrated in the Asian morning session, possibly anticipating European institutions entering the market to drive prices up, but the open contract volume of Bitcoin has not increased correspondingly, indicating insufficient follow-up funds; Operational Warning: Historical losses reveal flaws in risk control, and followers need to strictly adhere to a stop-loss at $97,000 (corresponding to a 5% decline) to avoid replicating leverage. If BTC cannot hold above the strong resistance level of $105,500, this position may repeat the previous mistakes.