The whale AguilaTrades has just closed part of its short position in ETH and BTC with a total value of over 159 million USD, recording a loss of 1.1 million USD.
AguilaTrades still maintains a large short position in ETH and has to bear unrealized losses of over 7 million USD, according to monitoring data from Lookonchain on July 20.
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The whale AguilaTrades closed a short position of 6,832 ETH and 1,134 BTC with a total value of 159 million USD.
The actual loss when closing the short position is about 1.1 million USD.
AguilaTrades still holds a short position of about 50,000 ETH, with unrealized losses exceeding 7 million USD.
How did whale AguilaTrades close its short position and what were the results?
According to the report from Lookonchain on July 20, AguilaTrades closed a short position of 6,832 ETH and 1,134 BTC, with a total value of over 159 million USD. The actual loss when closing these positions is about 1.1 million USD, showing high risk in this whale's short trading strategy.
When closing this part of the short position despite incurring losses, AguilaTrades still maintains a large short position on ETH, showing confidence in the long-term bearish trend. This is not uncommon in the risk management strategies of cryptocurrency whales.
Cryptocurrency market analyst – Lê Minh, 2024
What are the specifics of AguilaTrades' short positions in terms of ratio and value?
AguilaTrades closed 6,832 ETH equivalent to about 25.15 million USD and 1,134 BTC worth 134 million USD. The total amount involved in closing this position reached 159.15 million USD. The loss of about 1.1 million USD shows that market fluctuations significantly impact large short positions.
What other short positions does AguilaTrades hold and what is the total unrealized loss?
Currently, AguilaTrades still holds about 50,000 ETH in a short position, equivalent to 186 million USD. Unrealized losses on these positions exceed 7 million USD, reflecting significant market pressure as the price trend of ETH experiences volatility.
Large short positions and deep unrealized losses indicate that this whale is battling strong volatility, which may reflect long-term bearish expectations or complex hedging strategies.
Investor analysis – Nguyễn Văn Hùng, 2024
What is the impact of large positions like AguilaTrades on the cryptocurrency market?
When whales close large positions or maintain enormous short positions, it can create liquidity pressure and affect price volatility. According to many reports, whale trading often strongly influences market sentiment and trends, especially during Pump and Dump phases.
What are the risk factors in short trading by cryptocurrency whales?
Short trading requires strict risk management due to the unpredictable volatility of the cryptocurrency market. Whales like AguilaTrades can incur significant losses if the market reverses quickly, while also using leverage to increase the risk of liquidation.
What risk management measures do whales typically apply?
Whales often diversify their portfolios, limit the use of excessive leverage, and apply automatic take-profit/stop-loss orders. Closely monitoring positions and technical analysis also helps minimize losses during strong price fluctuations.
Frequently asked questions
1. What is a cryptocurrency whale?
A whale is an investor who holds a large amount of tokens and has the ability to significantly impact the market through buying or selling at certain times.
2. Why do whales often maintain large short positions?
Whales use large short positions to capitalize on bearish trends or hedge to protect their portfolios from price fluctuations.
3. How to monitor whale activities on the Blockchain?
On-chain monitoring platforms track large transactions, wallet transfers, and whale wallet activities to help identify their strategies.
4. What are unrealized losses?
Unrealized losses are potential losses from positions held but not closed, which can change with market prices.
5. How risky is short trading in cryptocurrency?
Shorting in cryptocurrency is very risky due to high price volatility, which can lead to margin calls or quick liquidation of positions.
Source: https://tintucbitcoin.com/aguilatrades-chot-lo-11-trieu-usd/
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