AguilaTrades Doubles Down: $83 Million Short Position Exposes Ethereum’s Vulnerability

Crypto giant AguilaTrades has doubled down on its bearish stance on Ethereum by expanding a massive 25x leveraged short position to an eye-watering $83.7 million. This aggressive move, which involves wagering $42 million on the price of ETH to decline, highlights the potential for volatile market shifts and increased risk in the crypto ecosystem. Analysts are keeping a close watch as this action throws a spotlight on the impact of large positions on ETH prices.