AguilaTrades Opens 40x Bitcoin Short With $165,000 Unrealized Profit

AguilaTrades opened a 40x leveraged short position covering 124.24 Bitcoin (BTC), a trade worth about $10.14 million that held an unrealized profit of roughly $165,000.

Bitcoin traded at $81,863.47 and was down 2.5% in the market update. The position’s liquidation price was $83,432.22.

The trade follows AguilaTrades’ earlier $16.35 million Bitcoin short, which came after the trader closed a long position at a $331,000 loss. That short covered 200 BTC and carried a liquidation price of $82,703.32 per Bitcoin.

The earlier position was later liquidated, resulting in a $545,000 loss. The latest trade is smaller but continues AguilaTrades’ use of 40x leveraged Bitcoin positions.