The cryptocurrency market faces a major shock: The pain of trader AguilaTrades
The consecutive failures in bitcoin trading of the individual investor
According to sources from on-chain analysts, trader AguilaTrades has suffered heavy losses in BTC Long positions. In three attempts to open positions, he recorded a total loss of up to 29.1 million USD. This clearly reflects the fierce volatility of the cryptocurrency market, especially Bitcoin, as the price fell sharply from a peak of nearly 44.4 thousand USD.
Details of the positions opened and the loss results
First time: Opened position of 434 million USD, Bitcoin plummets
For the first time, AguilaTrades opened a Long position of up to 434 million USD. By the time BTC moved away from the 4,000 USD threshold, this trader had realized a loss of 12.48 million USD. This is one of the largest declines in his list of failures.
Second time: Position of 420 million USD, Bitcoin continues to decline
For the second time, this investor opened a Long position of 420 million USD before Bitcoin gradually retreated to around 4,000 USD. As a result, he incurred a loss of 2.94 million USD. Analysts noted that this was an inaccurate reaction to market fluctuations.
Third time: Position of 424 million USD, the last order has not been closed
For the third time, AguilaTrades opened a larger position, 424 million USD. The Bitcoin market fell deeply below the 4,000 USD threshold, but the investor did not have time to close the entire loss. Losses are piling up, with the hanging loss amount around 13.68 million USD.
Analysis of trading strategies and clear lessons
AguilaTrades' consecutive failures stemmed from over-leveraging ahead of Bitcoin's significant fluctuations. Combined with a lack of appropriate risk management strategies, this investor has put himself in a severely declining situation. Traders need to learn the lesson of using risk hedging tools like stop-loss and take-profit to limit losses during times of intense volatility in the cryptocurrency market.
The impact of these failures on the cryptocurrency investor community
Stories of price drops like AguilaTrades serve as a warning to the entire cryptocurrency investor community. The Bitcoin market, despite having a long-term upward trend, is still not immune to deep corrections, especially during periods of high volatility. Mastering technical analysis skills and closely monitoring relevant indicators will help mitigate significant risks when participating in this challenging market.
Source: https://tintucbitcoin.com/aguilatrades-lan-3-long-btc-lai-1368-trieu/
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