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Trader AguilaTrades stopped out of short, loses $250,000 as BTC tops $83,000

According to on-chain analyst Yu Jin, trader AguilaTrades (0x1f25…f925) was forced to stop out of a BTC short with a $250,000 loss as bitcoin recovered above $83,000. This trader had not opened any positions for 14 months; after returning, a long position lost $300,000 the previous day and the short continued to lose another $250,000, shrinking $700,000 in capital to $150,000 in just one day and bringing total losses to $38.16 million.

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