Bitcoin News
By Maheen Hernandez
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Long Bitcoin Bet Turns Catastrophic. AguilaTrades placed a leveraged long position on the decentralized derivatives platform…
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A Short-Lived Recovery. In a surprising twist, AguilaTrades had just begun to rebuild his portfolio following a rocky…
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Leverage Cuts Both Ways. The incident has reignited discussions about the dangers of excessive leverage in crypto trading.
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Market Conditions Remain Uncertain. Analysts believe that broader macroeconomic factors contributed to the pullback. Rising U.S.
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Lessons for the Broader Crypto Community. AguilaTrades’ losses are a cautionary tale in an industry where risk management is often sidelined…
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Conclusion. AguilaTrades’ downfall marks a pivotal moment for crypto traders.
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A high-profile cryptocurrency trader known as AguilaTrades has suffered one of the most significant individual losses in recent trading history—nearly $40 million—after a…
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The trader’s collapse came amid a broader market correction, with over $630 million in total liquidations reported across the crypto landscape in just 24 hours.
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AguilaTrades placed a leveraged long position on the decentralized derivatives platform Hyperliquid, betting that Bitcoin would continue to climb.
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Bitcoin fell by nearly 2.8% in the past day, contributing to a broader market slide of 6.9%, bringing the total crypto market cap to around $3.
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This rapid price drop was enough to trigger forced liquidations of highly leveraged positions, including AguilaTrades’, who had recently recovered from earlier losses totaling…
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However, those gains proved fleeting. On July 25, he was hit by a liquidation of 720 BTC, valued at approximately $83.3 million at the time.
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The blockchain analytics firm Lookonchain posted on X (formerly Twitter):
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"AguilaTrades has been fully liquidated, wiping out almost all of his funds on Hyperliquid."
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In the last 24 hours alone, long positions worth $570.68 million were liquidated, compared to just $59 million in short positions. Bitcoin long trades alone accounted for $141.
The Currency Analytics
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