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Crypto DeFi

AguilaTrades Opens 250 BTC 40x Short After $1.31M Close, Losses Hit $37.29M

AguilaTrades (0x1f2…f925) closed a bitcoin short position over the past eight hours for a $1.31 million profit, then opened a new 250 BTC short with 40x leverage worth a notional $17.2 million. The trader’s cumulative losses now stand at $37.29 million.

Original source

AI take

The striking detail is not the profitable close but the immediate re-leverage into a 40x short while cumulative losses sit near $37 million — a pattern that reads as conviction-driven risk-taking rather than risk management. For market watchers, a position of this size and leverage is a liquidation magnet, and its unwinding could amplify short-term volatility in either direction. Whether this trader's aggressive stance reflects a broader cohort of leveraged shorts, or is an outlier, is the open question worth tracking.

Generated by AI for reference only.

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