📰 Trader AguilaTrades Closes Massive $434 M Bitcoin Long Amid Market Volatility
According to PANews, crypto trader AguilaTrades recently shut down a 20× leveraged Bitcoin long valued at $434 million, following a sharp downturn in BTC prices . The liquidation happened in batches starting early this morning and finished just ten minutes ago. The trade was collateralized with $29.85 million in USDC, and ultimately recorded a $12.48 million loss, leaving about $17.37 million remaining .
After closing the long, AguilaTrades now holds only a single $870,000 short position on Bitcoin . This move highlights how rapidly leveraged positions can shift in volatile markets.
💡 What do you think: Was closing the long preemptive—or did market timing miss the mark? Drop your thoughts below!
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