AguilaTrades has just exited a big part of his short exposure — closing out 6,832 ETH and 1,134 BTC shorts, worth a combined $159 million. But the trades didn’t go in his favor this time, resulting in a $1.1 million realized loss.

Interestingly, he’s still holding a massive short position on ETH — 50,000 ETH, currently valued at around $186 million. That position is now sitting at an unrealized loss of over $6.4 million, as ETH continues to trade higher.

It’s a risky play with the market trending upward, and all eyes are on whether he doubles down or begins to unwind further.

Wallet: 0x1f250Df59A777d61Cb8bd043c12970F3AFE4F925