Hot news about cryptocurrency: The big bear AguilaTrades at a decisive moment
Analysis of whale activity AguilaTrades
On June 23, according to exclusive sources from on-chain analysts, the large whale AguilaTrades drew attention in the cryptocurrency market. After realizing a huge profit of 112,000 USD from a breakthrough short-selling strategy the night before, this position continued to open a 20x leveraged short position. The initiation time was around 01:50 AM, with a trading value of up to 100 million USD.
Details about AguilaTrades' new short position
This new short position is large: 1000.82 BTC with an opening price of 99,616.6 USD. The liquidation price is at 104,730 USD. Currently, this position is experiencing a loss of around 1.34 million USD due to unstable market fluctuations.
Analysis of the impact of whales on the cryptocurrency market
The impact of large whales on market trends
Whale activities like AguilaTrades often create supply-demand shocks, leading to significant volatility. Strong short-selling trends can exert downward pressure in the short term, causing retail investors to be cautious. The cryptocurrency market is always sensitive to large activities, easily creating a domino effect when whales decide to divest or open new positions.
Insights on the upcoming market trend
Based on this whale activity, it can be predicted that the downtrend may continue in the short term. However, the price adjustment also depends on the reactions of other whales and macro factors related to the global financial market. Investors should closely monitor the latest fluctuations to make appropriate decisions.
Source: https://tintucbitcoin.com/aguilatrades-short-20x-lo-31-ty-usd/
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