Whale AguilaTrades Closes $434 Million BTC Long Position with 20x Leverage, Incurring $12.48 Million Loss

According to Ember monitoring, the whale AguilaTrades has fully closed its $434 million BTC leveraged long positions established on June 9, incurring a loss of $12.48 million. The trader employed a rolling position strategy, expanding the position to its peak on June 11, but was ultimately forced to close out during the BTC pullback early this morning. The margin account shrank from 29.85 million USDC to 17.37 million USDC, representing a loss rate of 41.8%.
Currently, this address still holds a $870,000 BTC short position.