AguilaTrades Loses $1.8 Million on Ethereum Leverage Position

Crypto trader AguilaTrades incurred a substantial loss of $1.846 million within an eight-hour trading period, involving leveraged positions on Ethereum (ETH). Notably, they opened a 25x long position on ETH, highlighting the risks associated with high leverage in volatile crypto markets. This incident has sparked discussions about risk management practices and their potential impact on market dynamics.