Trader AguilaTrades switches from long to short, opening a $116.7 million notional BTC short position with 20x leverage

According to ChainCatcher, Onchain Lens monitoring shows that trader AguilaTrades has closed his 20x leveraged long position in Bitcoin and has opened a 20x leveraged short position worth 1,001 BTC (approximately $116.7 million).

At one point, he had an unrealized loss of $33.59 million. Currently, he has almost recovered these losses, but is still down $12.7 million.