Trader AguilaTrades Opens Massive $200 Million Bitcoin Long Position

On-chain analyst Yu Jin revealed that trader AguilaTrades has taken a substantial long position in Bitcoin worth $200 million. The position comprises 1,894 BTC with a leverage of 20x, entry price at $104,976, and a liquidation threshold of $97,265. At present, the position holds an unrealized profit of approximately $910,000. Notably, AguilaTrades previously opened a long Bitcoin position on June 9th which was subsequently closed on June 13th resulting in a loss of $12.48 million.