Cryptocurrency News: The Mystery of the God of Wealth @AguilaTrades Selling Large Long Positions Not Long Ago
Detailed Analysis of the Transactions of the Famous God of Wealth
According to the latest report, monitored through Onchain Lens, the shark @AguilaTrades has executed a sell-off of a large portion of their long 20x BTC positions. The total value of current holdings reaches 77 million USD. Earlier this month, they opened a position worth 424 million USD, an impressive figure in the cryptocurrency market. However, the amount of BTC decreased from 3,952.66 to 736.5, indicating a position adjustment operation according to technical analysis and market trends.
Dynamic Trading Strategies and Their Impact on the Market
In the latest pullback, AguilaTrade lost 12.5 million USD. The price turmoil has caused total losses since the beginning of the season to exceed 15 million USD. This clearly reflects a reasonable withdrawal strategy before significant volatility, as well as highlighting the high risk associated with holding high leverage such as 20x when the market is uncontrollably volatile.
Impact Assessment and Trends in the Cryptocurrency Market
The sell-off action by this shark not only shakes the confidence of individual investors but also emphasizes the severe volatility of the current cryptocurrency market. The significant losses indicate the stress capacity in high leverage positions, significantly affecting the overall trend of Bitcoin and other cryptocurrencies. Investors need to closely monitor developments to have an appropriate strategy in this highly volatile environment.
Source: https://tintucbitcoin.com/nguoi-ca-map-chot-lenh-20x-btc-con-77-trieu-usd/
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