Data: Trader AguilaTrades incurs a loss of over 11.7 million dollars on a 20x BTC long position

ChainCatcher news, according to Ember monitoring, trader AguilaTrades is executing the full liquidation of its 20x leveraged BTC long position.

The trader began liquidating at 4:30 AM, and the position has now been reduced to $121 million. The remaining 1,157 BTC long positions are continuing to be liquidated through a TWAP (Time Weighted Average Price) strategy, which is expected to complete the full liquidation in 7 hours. According to the data, AguilaTrades has incurred a loss of $11.72 million on this BTC long operation.