A trader who went 20x long on BTC lost $11.72 million and capitulated, with the remaining $121 million position set to be fully liquidated in 7 hours
Odaily Planet Daily News According to on-chain data analyst Ember, trader @AguilaTrades has conceded defeat on his 20x long BTC position: he is currently liquidating his entire position at a loss, having already lost $11.72 million on this BTC long trade.
The trader began closing his positions at 4:30 a.m., and has now reduced his holdings to just $121 million. The remaining positions are also being unwound using a TWAP (Time-Weighted Average Price) strategy, and according to his settings, the liquidation will be completed in 7 hours.
He still has 1,157 BTC long positions pending liquidation, valued at $121 million. He has already incurred a loss of $11.72 million on this BTC long trade.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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