Hedge Fund Giant Shuts Down Short ETH Positions, Enters $43 Million Long Bet

A prominent hedge fund manager known as AguillaTrades closed their bearish Ethereum (ETH) short positions today, August 12th, 2025. This move comes after substantial losses amounting to $683,000 according to Onchain Lens data. The trader, who has a history of significant bets against ETH, has lost over $2.8 million in previous short positions. In response, AguillaTrades entered a long position on ETH with 15x leverage, committing a total of $43.27 million. This bullish move aligns with the recent surge in Ethereum prices.