Hyperliquid whale Aguila Trades closes all BTC short positions after $15M loss
One of the closely watched whales on Hyperliquid, Aguila Trades, has closed all remaining short positions on BTC. The total loss exceeded $15M after a series of partial liquidations.
One of the notable traders on Hyperliquid, known as Aguila Trades, has closed a 20X leverage short position on BTC.
During the brief correction in the past days, the trader did not take profits. Now, they face a series of partial liquidations. The trading move by Aguila Trades was closely watched as whale positions on Hyperliquid could sway the direction of the BTC market.
The "Mysterious Whale" @AguilaTrades has closed his $BTC (20x) long position, resulting in a total loss of $15.42M in 2 trades.https://t.co/KvY5js9vTV pic.twitter.com/YfQvf7I1uD
— Onchain Lens (@OnchainLens) June 18, 2025
On-chain whales are under public microscope
On-chain data shows the position was finally closed, but the attempt to short BTC led to losses of $15.24M. Hyperliquid leveraged trading remains highly risky, and some of the positions are seen as deliberate stunts. However, unlike James Wynn, Aguila Trades has not commented on the positions or plans for the future. The trader also has not tweeted since January, simply testing out the possibilities on Hyperliquid.
The trader then switched to a small 20X leverage long position, with just 0.55 BTC and an unrealized loss of under $1,000.
In the meantime, one of Wynn’s known addresses is only holding a minimal long BTC position, though there were claims of trading through new secret addresses.
Currently, BTC trades around $104,081, showing uncertainty over the developments between Israel and Iran, while awaiting the Fed interest rate decision.
BTC general open interest fell from $35B down to $32.7B as traders become more cautious.