According to Foresight News, a recent decline in Ethereum (ETH) prices resulted in the liquidation of a large position held by an AguilaTrades user. Approximately 20 minutes ago, the user experienced a forced liquidation of 21,000 ETH, leading to a loss of around $4.68 million.

Following this setback, the user utilized the remaining $330,000 in their account to open a new long position valued at $10 million when the ETH price was at $4,565.