🟥 Huge losses for AguilaTrades exceed 33 million dollars
The famous account Yi (@ai_9684xtpa) reported that the trader known as AguilaTrades incurred significant losses last month exceeding 33.445 million dollars.
Notably, AguilaTrades continued to take highly volatile positions, as he switched his position from selling (Short) to buying (Long) last night and then returned to selling again, resulting in an additional loss of 630,000 dollars within just a few hours.
These losses are among the largest recently observed among public accounts tracking margin trading and futures contracts.
These movements indicate a clear flaw in the entry and exit strategy, and possibly a rush in decision-making amidst the current market volatility.
🚨 Warning: This information does not constitute a recommendation or analysis of the trader's strategy, and every investment decision falls on the trader himself.#StrategyBTCPurchase $OM