Trader AguilaTrades Opens 20x BTC Short Position After $1.97M Long Profit, Holding 532.6 BTC Worth $56.91M

On-chain data reveals a significant move by trader AguilaTrades, who recently closed a BTC long position, securing profits of $1.97 million. Shortly after, the trader initiated a new 20x leveraged short position on Bitcoin, signaling a strategic shift in market stance. Currently, AguilaTrades holds 532.6 BTC, valued at approximately $56.91 million, with an entry price set at $106,804.4. The position carries a liquidation threshold of $118,060, highlighting the inherent risks of high-leverage trading in volatile crypto markets. This activity underscores the importance of monitoring large traders’ movements to gauge potential market trends and sentiment shifts within the Bitcoin ecosystem.

‘,
‘

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,
‘

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!

‘
];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();