Chain analysts report that a 20-minute drop led to a $4.68M liquidation of a 21,000 ETH long position on August 14, compounding earlier trading setbacks across both short and long positions.
AguilaTrades has encountered significant market volatility over consecutive days. After a $1.92M loss on an ETH short on August 11 and mixed results on August 13, a rapid 20-minute drop on August 14 forced the liquidation of a 21,000 ETH long position for a $4.68M loss, prompting the firm to reopen a $10M ETH long position at $4,565 using its remaining $330K.