# AguilaTrades Opens $7.19 Million Bitcoin Short at 40x Leverage

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/47559
Published: 2026-11-03T10:37:00.000Z
Updated: 2026-11-03T10:37:00.000Z
Section: Investing

> The position covers 93.67 BTC and has an estimated liquidation price of $77,435.21. The trader’s prior losses exceed $38 million.

AguilaTrades opened a 40x short position in Bitcoin (BTC) worth about $7.19 million, adding another leveraged trade after losses exceeding $38 million and multiple liquidations.

The Nov. 3 position covers 93.67 BTC and had an estimated liquidation price of $77,435.21.

A short gains value when the asset falls and loses value when it rises. With 40x leverage, a relatively small price move can have a large effect on the funds backing the trade.

Liquidation means the position is forcibly closed when those funds fall below a required level.