AguilaTrades Once Again Doubles Down on Shorting Bitcoin, Position Reaches 697.5 BTC Worth $47.07 Million

Odaily reports: According to Hyperbot data, well-known trader AguilaTrades (0x1f25...f925) has once again aggressively shorted Bitcoin. After closing a previous short position and flipping a 258 BTC long position into a short, the trader opened a new 446 BTC short position on Hyperliquid worth approximately $30.58 million.

Subsequently, AguilaTrades continued to add to the position and began slightly reducing the short position an hour ago. The trader currently still holds a 697.5 BTC short position, which at 40x leverage is worth approximately $47.07 million, with current unrealized profit of about $831,300. The average entry price is $68,681.8, the current mark price is $67,301, and the liquidation price is $71,381.1.