Add as a preferred source on GoogleAguilaTrades Closes 700-BTC Short, Builds $33.55 Million Long
Within about an hour, the account closed its short of about 700 Bitcoin (BTC) and reversed into a long. It then held about 500 BTC long at 40x cross margin.
AguilaTrades moved from a short in Bitcoin to a leveraged long in roughly an hour, leaving the account with a position valued at $33.55 million early Saturday.
The account closed a short of about 700 BTC and opened a long. At 12:26 a.m. ET Saturday (05:26 UTC), it held about 500 BTC long under 40x cross margin.
The snapshot listed an average entry price of $66,835.60 and a mark price of $67,092. It put the liquidation price at $60,031.60 and unrealized profit at about $195,300.
AguilaTrades was still holding a 40x Bitcoin short on Wednesday, Nov. 11, when its position was described as close to liquidation. The latest snapshot shows the account had since reversed direction.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.