Bitcoin bulls defeated! The pain of high leverage, a warning bell rings!

Top trader AguilaTrades' 20x Bitcoin long position has completely surrendered and stopped losses! This round of aggressive buying has incurred losses of up to 11.72 million dollars, a bloody price that serves as a warning to all.

Latest update:

Since 4:30 AM, he has begun to continuously reduce his position.

The current remaining position is only about 121 million dollars, equivalent to 1,157 Bitcoins, and he is orderly closing positions through a TWAP time-weighted strategy.

It is expected to complete all exits within the next 7 hours, officially announcing the end of this gamble.

Key insight:

Under high leverage, risk control is always a matter of life and death. The real winners are not those who dare to go all in, but those who can see the situation clearly and take precise action.

The market is brutal, but every lesson is a stepping stone for growth.

Next time, don't be the one who passively closes positions, but be the one who leads the trend!