AguilaTrades Dash $2.45M ETH & $80K BTC Short Profits
For July 20, on-chain data show sey AguilaTrades don open 15x leveraged Ethereum short worth $212 million at $3,586.79, wit liquidation price of $3,772.70, wey generate $2.45 million unrealized profit. At di same time, AguilaTrades dey hold 20x leveraged Bitcoin short of $141 million at $117,807.30, wey liquidate at $129,630, plus $80,000 float gain. Dis big ETH and BTC short position show say institutional traders dem dey bearish about di market. Tracking AguilaTrades’ leveraged trading fit show better insights on liquidity flows, possible crypto price corrections plus advanced risk management strategies for traders dem.
Bearish
Di tori say $212M ETH an $141M BTC short posishun we AguilaTrades put, e show say di market dey bearish well well. Big big leverejd trading like dis fit make prices drop more for short time as traders dey try hedge or comot from long positions. For long run, if institutional hedging continue, e fit increase di market wahala (volatility) plus if price come near liquidation level, e fit cause more sell-off, confirm say market still dey bearish.