Famous Bitcoin Trader Lost 12.4 Million Dollars in 4 Days: Now Opened a Short Position!
Famous cryptocurrency trader AguilaTrades switched strategies by closing long positions and opening a short trade after suffering a loss of 12.4 million dollars in Bitcoin (BTC) over the last 4 days.
The sharp decline in Bitcoin's price following Israel's attack on Iran caught many investors in the cryptocurrency market off guard. Especially traders using high leverage faced significant losses. One of them, AguilaTrades, incurred millions of dollars in losses within four days due to trades opened with the expectation of a rise in BTC.
AguilaTrades initially transferred a total of 29.85 million dollars to the Hyperliquid platform via Bybit and opened a long position with 20x leverage, expecting BTC to rise. However, as BTC lost value, these positions resulted in losses. When these losses compounded and exceeded a total of 12.4 million dollars, the famous trader could not bear it any longer and closed his positions, changing strategy by opening a short position in anticipation of BTC's decline.
AguilaTrades' move has sparked discussion in the cryptocurrency community. Some investors consider AguilaTrades' action as a "wrong decision made in panic," while others believe he opened the right position at the right time and could recover his losses. On social media, discussions are ongoing about whether AguilaTrades' latest move will bring him success.
