According to on-chain analyst Ai Auntie (@ai_9684xtpa), prominent whale trader AguilaTrades has increased their BTC 20x leveraged long position to $160 million as of early this morning. The sizable position encompasses 1,500 BTC, entered at an average price of $107,288.9. The liquidation threshold is set at $101,730, indicating a tight risk management framework given the current market volatility. Presently, the position reflects an unrealized loss of approximately $635,000, highlighting the inherent risks associated with high-leverage trading strategies in the cryptocurrency market. This development underscores the ongoing activity among institutional-grade traders and their influence on Bitcoin’s price dynamics.
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Source: https://en.coinotag.com/breakingnews/whale-trader-aguilatrades-adds-160m-btc-20x-long-position-amid-market-volatility/