A prominent Bitcoin trader, identified as @AguilaTrades, has incurred substantial losses in his recent investment. According to blockchain data analyst Yu Jin of Odaily, the trader, who held a leveraged 20x long position on BTC, experienced a significant downfall leading to a loss of $11.72 million. The trader began liquidating their holdings starting at 4:30 AM, reducing the size of their position to $121 million. This liquidation process is being conducted using a TWAP (Time Weighted Average Price) strategy and is projected to conclude in seven hours. Currently, the remaining 1,157 BTC long positions are valued at $121 million. This Bitcoin investment has resulted in a substantial loss of $11.72 million for the trader.