Trader Aguila Trades Closes 20x Leveraged BTC Long Position, Incurring Over $11.7 Million in Losses

According to Jinse Finance, on-chain analyst Yujin has monitored that trader Aguila Trades is in the process of fully closing out their 20x leveraged BTC long positions. The trader began unwinding positions at 4:30 a.m., and the current position has been reduced to $121 million. The remaining 1,157 BTC long positions are being liquidated using a TWAP (Time-Weighted Average Price) strategy, with full liquidation expected to be completed in seven hours. Data shows that Aguila Trades has incurred a loss of $11.72 million on this BTC long trade.