【Breaking】Contract giant Aguila Trades 40x BTC long position liquidation, losing a total of $40 million!
⚠️ Market Impact
The whale liquidation has caused panic in the market.
Some investors worry that more high-leverage accounts will be liquidated, leading to further declines.
Short-term support for BTC has moved down to $110,000; if it breaks below, it may trigger a larger scale sell-off.
Increased liquidation pressure on exchanges
Platforms like HyperLiquid and Binance are experiencing a large number of forced liquidations.
ETH long position liquidation pressure has reached $2.885 billion, putting pressure on market liquidity.
Psychological impact on traders
Aguila Trades had previously recovered from a $35 million loss, but this time it has completely liquidated, raising market awareness of high-leverage trading.
