AguilaTrades holds a $95.65M BTC short with 20x leverage and a $133K unrealized loss as BTC trades above $107K.
Bitcoin broke out from a long-term descending pattern in May and has maintained gains near $107,500.
MACD shows four bullish crossovers since January, signaling sustained positive momentum through early July.
Crypto trader AguilaTrades is managing a high-stakes $95.65 million short position on Bitcoin with 20x leverage. The position opened at $106,774 with a liquidation level set at $112,932.
Short Position Faces Pressure
According to the current data, the AguilaTrades portfolio holds no long exposure. All capital is allocated toward the BTC short position. The current unrealized loss stands at $133,254. The portfolio’s equity sits at $6.64 million, with margin usage reaching 72.04%. Return on equity registers at -2.79%.
Source: Agila Trades Portfolio
Over the last 24 hours, AguilaTrades combined realized losses amount to $1.23 million. The PnL curve shows sharp drops during key market movements, followed by periods of little activity. These fluctuations indicate resistance to downward momentum in the BTC market. AguilaTrades holds one active position and has placed 99 open orders. The portfolio does not show additional assets or spot holdings. No funding costs have been recorded, and margin usage continues to rise as BTC maintains its current range.
Current Bitcoin Trend Revealed
Tracking the ongoing trend as of press, CoinMarketCap data indicates that Bitcoin is currently trading at $107,323.53, marking a 0.21% gain over the last 24 hours. The market capitalization stands at $2.13 trillion, reflecting a 0.2% daily increase. Trading volume over the same period dropped to $39.74 billion, down 9.75%.
Source: CoinMarketCap
The intraday price chart shows initial downward pressure, with dips below $107,000 occurring multiple times. However, the price later recovered, reaching a peak near $107,500 before stabilizing above the $107,300 level. Bitcoin's market activity remained volatile, with sharp moves both upward and downward throughout the session.
Despite earlier drawdowns, price strength built during the second half of the session. The volume bars at the bottom of the chart show consistent activity during the latest upward move. Bitcoin closed the session above the $107,300 level, maintaining short-term gains amid fluctuating momentum across the broader crypto market.
Bitcoin Technical Analysis: MACD Cross Confirms Strength, What’s Next?
Bitcoin remained above the $107,000 level following a breakout from a long-term descending pattern. Price action shows the asset broke through upper resistance in early May after multiple rejection points in prior months.
The pattern began forming in November 2024 with resistance near $114,000 and support building above $72,000. Price touched the lower trendline three times, bouncing higher in each instance. Breakout confirmation came in May as price cleared the resistance line.
Source: Merlin the Trader (X)
The MACD indicator displayed four bullish crossovers between January and June. These occurred during recovery phases from each dip. Bearish crossovers appeared in December, February, and May, signaling short-term slowdowns. No significant downward pressure has followed since the breakout. MACD levels show current momentum holding positive territory.
