Trader AguilaTrades Closes Bitcoin Position Amid Market Volatility

PANews reports that trader AguilaTrades recently closed a substantial Bitcoin position due to the market’s fluctuations. Initially, they leveraged their investment by 20x, achieving a total position worth $434 million. However, as Bitcoin’s price weakened, AguilaTrades initiated strategic closing of their position in batches starting early this morning, completing the process just moments ago. This involved a USDC collateralization of $29.85 million resulting in a loss of $12.48 million, leaving them with $17.37 million remaining.