AguilaTrades, a giant whale, closed its 434 million BTC long positions, resulting in a loss of $12.48 million

Odaily News According to monitoring by Ember, the $434 million BTC leveraged long positions opened by the whale AguilaTrades on June 9 have all been closed, with a loss of $12.48 million. The trader used a rolling strategy to expand his position to the peak on the 11th, and was eventually forced to close his position when BTC pulled back early this morning. His margin account shrunk from 29.85 million USDC to 17.37 million USDC, with a loss rate of 41.8%.
Currently, this address still holds a short position of $870,000 in BTC.