Famous Trader AguilaTrades Lost $35 Million in Two Weeks
According to data shared by the crypto analysis platform Lookonchain, renowned trader AguilaTrades lost over $35 million in just two weeks. The trading strategies behind this significant loss involved high-risk transactions that did not capitalize on profit opportunities.
Did Not Realize Profits, Ended Up with Losses
When reviewing AguilaTrades' trading history, it is observed that he usually opened long positions just before the price of Bitcoin (BTC) increased, but instead of taking profits during the uptrend, he aggressively expanded the position. Sudden declines in BTC prices forced the trader to close positions at significant losses.
On June 8, AguilaTrades created a new wallet and started perpetual futures by transferring 39.18 million USDC from Bybit exchange to Hyperliquid. However, aggressive position management caused his account to decline to $4.09 million within two weeks.
Transaction Summary: Big Profits, Bigger Losses
June 9: Opened a BTC long position. The profit reached $5.76 million, but he did not sell. He closed the position with a loss of $12.47 million after the drop following the Israel-Iran tension.
June 15: Took a long position again. The profit reached $10 million, but he again did not sell. With the decline, this time he lost $2.95 million.
June 20: Opened his third long position, reaching a profit of up to $3.2 million, but again expanded the position and closed it with a $17 million loss.
The trader who experienced serious losses in three major long positions ultimately reversed direction and went short. However, with the BTC price rising again, this position is currently also down $2.33 million.
The Timing Was Right, The Strategy Was Wrong
According to Lookonchain, the timing of AguilaTrades' positions was generally successful. However, the absence of a profit-taking strategy during the uptrend and the continuous expansion of positions led to closing them at a loss as they approached liquidity levels. This situation reveals a trading model where profit opportunities were not properly assessed and risk management was neglected.
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