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Three Longs, $32.7M Lost: AguilaTrades Reverses Strategy on Bitcoin After Brutal Streak

Three Longs, $32.7M Lost: AguilaTrades Reverses Strategy on Bitcoin After Brutal Streak

CryptonewslandCryptonewsland2025/06/23 17:48
By:by Wesley Munene
  • AguilaTrades closed three consecutive long Bitcoin trades with combined losses totaling $32.7 million.
  • A short position on Bitcoin generated a $55K profit, marking a reversal from previous losing trades.
  • The most recent long trade involved 3,854 BTC and ended in a $17 million loss despite earlier unrealized gains.

AguilaTrades has exited a series of high-stakes long positions in Bitcoin after recording significant realized losses. The trading account, known for aggressive leverage and large trade volumes, has now pivoted to a short position following three failed long trades. On-chain and trading dashboard data confirm that the trader closed a recent $BTC short for a profit, marking a rare win after weeks of substantial drawdowns.

Three Consecutive Long Trades End in Losses

Data from the trading dashboard shows that AguilaTrades realized $32.7 million in losses over three long Bitcoin positions within two weeks. The most recent position alone resulted in a $17 million loss. Prior trades added $15.4 million to the total. All three were long trades on Bitcoin.

Source: Lookonchain (X)

The screenshot confirms a margin usage of 21.13% and a leveraged position valued at $27.3 million. At peak exposure, the position size reached approximately 275 BTC. The entry price was $99,604.70, while the exit happened near $99,388.00.

Despite using 4.23x leverage, the trade closed with an unrealized profit of $55,239.26, or 4.04% return on equity. However, the broader picture reflects severe cumulative losses. The combined PnL over time chart reveals a steep decline, dipping as low as minus $32.7 million.

Shift to Short Position Generates Immediate Gain

After the failed long attempts, AguilaTrades opened a new short position on Bitcoin. This trade turned out to be profitable, according to the latest platform data. The trader closed the position with an unrealized gain of over $55,000.

The entire BTC allocation was allocated to short exposure, with zero funds in long positions. Funding rates showed a slight negative charge of $112.10, while margin usage remained moderate.

While the shift marked a departure from the earlier long bias, the amount gained did not recover prior losses. Despite the profitable outcome, the realized gain was a small fraction of the overall drawdown.

Unrealized Gains Preceded Final Loss

Before the third loss, AguilaTrades held a long position valued at $408 million with 3,854 BTC. At the time, the unrealized gain stood at $3.2 million. The trader eventually exited that position with a $17 million loss.

This trading behavior reflects a rapid reversal in positioning from long to short within days. Trade execution patterns indicate high volatility in decision-making, especially under leveraged conditions.

All reported trades were executed on perpetual contracts, with short-term changes in bias based on price action. The short-term gain after consecutive losses suggests a recalibration in approach, though the net performance remains negative over the two-week span.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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