Trader AguilaTrades reverses strategy with a BTC position worth 160 million USD
According to observations from on-chain analyst Ember, renowned cryptocurrency trader AguilaTrades just made a spectacular reversal in the Bitcoin (BTC) market. At 1 AM, AguilaTrades closed a short BTC position opened the previous afternoon while simultaneously reopening a long position worth up to 160 million USD, with a leverage of 20 times.
Short-term volatility trading strategy
Previously, AguilaTrades had closed a long BTC position to take profits early in the morning, then placed a new long order at a high price range from 103,000 to 104,500 USD with plans to wait for the price to drop to increase the position. However, this strategy unexpectedly changed when he opened a short order in the afternoon. By 1 AM the next day, this short order was closed with a loss of 590,000 USD, and immediately AguilaTrades returned to a long BTC position.
Current position structure and liquidation risk
Currently, AguilaTrades is holding 1,500 BTC with 20x leverage, with a total position value of 160 million USD. The position opened at 107,288 USD, while the liquidation point is set at 101,729 USD. This is clearly a strong betting strategy on the recovery potential of this currency.
Implications for investors and the cryptocurrency market
The actions of AguilaTrades clearly reflect the volatility and high liquidity in the BTC market. The use of high leverage means the risks are also significantly considerable, but at the same time affirms confidence in the sustainable growth of Bitcoin in the short term. Investors need to carefully consider before applying similar strategies, especially when the cryptocurrency market always contains unpredictable variables.
The dynamic trading strategy using high leverage like AguilaTrades always attracts special attention in the cryptocurrency community. Closely monitoring these actions helps investors gain deeper insights into market trends as well as liquidation points, thereby directing the most effective personal strategy.
Source: https://tintucbitcoin.com/aguilatrades-dong-short-btc-mua-lai/
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