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Trader AguilaTrades Increases BTC Long Position to Over $250 Million

AguilaTrades has initiated a 20x leveraged short position at $99,616.60, reflecting a strategic shift after significant losses on previous long trades.

BTC

Summary

AguilaTrades has opened a 20x leveraged short position of 1,000 bitcoins at a price of $99,616.60, currently facing a floating loss of $1.1 million. This follows a previous long position closure during a market crash that resulted in a $16.61 million loss, although the trader later profited $112,000 on a short position.

Terms & Concepts
  • BTC Long Position: An investment strategy where a trader buys Bitcoin with the expectation that its price will rise.
  • BTC Short Position: An investment strategy where a trader sells Bitcoin with the expectation that its price will fall.
  • Leverage: The use of borrowed funds to increase the potential return of an investment.