According to on-chain data revealed by analyst Yu Jin, this morning trader AguilaTrades made a strong 'long' move in the cryptocurrency market, specifically with Bitcoin (BTC). AguilaTrades opened a BTC position worth 200,000,000 USD, using leverage of up to 20x, a tremendously high risk level that offers great profit potential but also significantly increases the chance of liquidation.
The total trading volume reached 1,894 BTC, with an opening price of 104,976 USD. The liquidation threshold for this position is set at 97,265 USD, reflecting a relatively tight risk management strategy in the context of strong market volatility. As of now, AguilaTrades' position is recording a floating profit of about 910,000 USD, an impressive figure in a short time.
Not stopping there, the trading history of this veteran trader also shows proactivity and quick reflexes in utilizing cryptocurrency derivatives. Specifically, on June 9, AguilaTrades opened a BTC buy position and closed it entirely on June 13, although having to realize a loss of up to 12.48 million USD due to unfavorable price fluctuations.
High-frequency trading activities along with a strategy of using significant leverage demonstrate a deep understanding of market structure as well as a high risk tolerance—characteristics of professional traders in the current cryptocurrency ecosystem. Close monitoring of on-chain flows, along with the ability to make quick decisions, has affirmed AguilaTrades' position as a prominent figure in the digital asset arena.
Source: https://tintucbitcoin.com/aguilatrades-cuoc-200-trieu-usd-long-btc/
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