Odaily News According to on-chain data analyst Yu Jin’s monitoring, trader @AguilaTrades is about to admit defeat on his 20x long BTC position: he has already executed a full sell-off and closed his positions, and he has already lost $11.72 million on this BTC long position.
The trader started closing positions at 4:30 a.m., and has reduced his positions to only $121 million so far. He is also continuing to close the remaining positions through the TWAP (time-weighted average price) strategy, and according to his settings, all positions will be closed in 7 hours.
He currently has 1,157 BTC long positions waiting to be closed, worth $121 million. He has lost $11.72 million on this BTC long position.