On August 14, chain analyst monitoring reported a rapid 20-minute drop led to the liquidation of a 21,000 ETH long position, followed by the opening of a new $10M ETH long trade at $4,565.
On August 14, chain analyst monitoring reported that a 20-minute drop resulted in the liquidation of AguilaTrades' 21,000 ETH long position, incurring a $4.68 million loss. The firm then used its remaining $330,000 to open a new $10 million ETH long position at $4,565. This update follows earlier reports of a short sale on August 11, presenting conflicting trade strategies.