Popular Trader Reopens Bitcoin Position: Profits After $15.4 Million Loss!

After incurring a total loss of $15.4 million in his last two Bitcoin (BTC) trades, famous trader AguilaTrades has reopened his position and now has a profit of $3.2 million.

AguilaTrades, known in the cryptocurrency market, made a bold move again following significant losses in a short time. According to popular on-chain data platform Lookonchain, AguilaTrades recently purchased 3,854 Bitcoin (BTC), opening a position worth approximately $408 million. Currently, the trader's unrealized profit stands at $3.2 million.

The last 10-day period has been quite turbulent for AguilaTrades. The famous trader lost $12.45 million and $2.95 million in his previous two Bitcoin long positions, totaling a loss of $15.4 million. With these losses drawing attention in the market, AguilaTrades' new move is being closely monitored by cryptocurrency investors.

Cryptocurrency investors are curious whether AguilaTrades will take profits in this newly opened position. The primary reason for the trader's previous losses was the delay in taking profits. Especially in these days of continued market uncertainty, the outcome of AguilaTrades' new move is a matter of interest for investors.

Bitcoin (BTC) is trading at around $105,800 at the time of writing. The profitable closure of the large position opened by the trader could also be an important indicator of investor confidence in the Bitcoin market.