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AguilaTrades Opens $16.35 Million Bitcoin Short After $331,000 Loss

The trader used 40x leverage to short 200 BTC, with liquidation set at $82,703.32 per bitcoin.

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Brass coin beside a sharply tilted metal balance scale / TokenPost.ai
Brass coin beside a sharply tilted metal balance scale / TokenPost.ai

AguilaTrades opened a 40x leveraged short position worth $16.35 million in Bitcoin (BTC) after closing an earlier long trade at a $331,000 loss.

The short position covers 200 BTC. Its liquidation price is $82,703.32 per bitcoin.

AguilaTrades had remained inactive for more than six months before opening the earlier Bitcoin long position. The trader closed that position after the market declined, then switched to a short trade.

The latest position represents a bearish market bet with substantial leverage. At 40x, relatively small price movements can produce large gains or losses and bring the position closer to liquidation.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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