Cumulative loss of $38 million, AguilaTrades shorts 124.24 BTC with 40x leverage

According to Lookonchain monitoring, AguilaTrades (0x1f25...F925) has accumulated losses of $38 million. Four hours ago, this address opened a 40x leveraged short position on 124.24 BTC, with a notional value of $10.14 million. The unrealized profit is currently $165,000, and the liquidation price is $83,432.22.