AguilaTrades’ Third BTC Long Suffers $13.68M Loss, Total Losses $29.1M
On June 22, on-chain analyst Yujin reported that prominent crypto trader AguilaTrades has incurred a third consecutive loss on BTC long positions, currently holding an unrealized loss of $13.68 million. Earlier, AguilaTrades opened a $434 million long, closed at a $12.48 million loss after a $4,000 pullback. A second $420 million position lost $2.94 million under similar market conditions. The latest $424 million BTC long remains underwater, bringing cumulative losses to $29.1 million. This series of failed BTC long positions highlights significant downside volatility in Bitcoin trading and raises concerns over high-leverage strategies.
Bearish
AguilaTrades’ repeated failures on large BTC long positions signal sustained selling pressure and heightened volatility in Bitcoin markets. Massive unrealized losses on high-leverage trades often trigger risk-off sentiment and forced deleveraging, as seen in past long-squeeze events in 2021 and early 2024. Short-term, this could weigh on BTC price as traders lock in profits or cut positions. Long-term, confidence in aggressive leverage may wane, leading to more cautious positioning and potentially reduced volatility.