According to BlockBeats, on-chain data reveals that trader AguilaTrades has incurred significant losses on a long position with 20x leverage on Hyperliqud. The current unrealized loss exceeds $2.7 million, reducing the total position size to $350 million.

The position was opened at a price of $105,113.2, with a liquidation price set at $100,380. AguilaTrades has previously incurred losses in two similar long trades, totaling losses of up to $15.4 million.$BTC