AguilaTrades Switches to Long Position After $3.65M ETH Losses

Chain analyst monitoring on August 14 reported that a rapid 20-minute drop led to the liquidation of a 21,000 ETH long position, after which the firm re-invested its $330K to open a new $10M ETH long position at $4,565.

ETH

Summary

On August 14, a chain analyst reported that a 20-minute drop triggered the liquidation of AguilaTrades' 21,000 ETH long position, resulting in a $4.68M loss. Subsequently, the firm used its remaining $330K to initiate a new $10M ETH long position at an entry price of $4,565.

Terms & Concepts
  • Long Position: A trading position that benefits from an asset's price increase, indicating a bullish market outlook.
  • Liquidation: The forced closure of a trading position when losses exceed the maintenance margin, resulting in realized losses.