On-chain Trader "AguilaTrades" Surges in the Cryptocurrency Market
Surge in Bitcoin Position with 20x Leverage
On June 17, data from Onchain Lens revealed that the on-chain trader "AguilaTrades" has expanded its long position on Bitcoin. With extremely high leverage of 20x, this trader has built a position worth approximately $424 million. The market is increasingly witnessing strong moves, showcasing the market prediction capabilities of large investors.
Transaction Details
In this investment strategy, "AguilaTrades" has accumulated nearly 3,953 BTC at an average price of approximately $106,014 each. At this point, the liquidation value of the position has been determined at $103,332, indicating a high level of risk but also the potential for significant profit opportunities in the volatile cryptocurrency market.
Impact on the Cryptocurrency Market
The act of traders holding such large positions can dampen or trigger sharp market fluctuations. Retail investors should pay attention to the positive or negative actions of the "big players." A 20x leverage is a significant test, reflecting confidence or fear in today's cryptocurrency investment strategy, while directly influencing the overall market sentiment.
Summary
The strong increase of "AguilaTrades" in the Bitcoin market reflects the trend of institutional and individual investors actively expanding positions, despite unpredictable volatility. Investors should carefully consider risk factors before following such high-leverage strategies in today's cryptocurrency market.
Source: https://tintucbitcoin.com/aguilatrades-mo-rong-vi-the-bitcoin-424-trieu-usd/
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