AguilaTrades Scales Back Bitcoin TWAP Strategy, Cutting Long Position by 1000 BTC

On-chain analytics firm BlockBeats reports that AguilaTrades has completed its adjustment to its 1000 BTC TWAP (Time Weighted Average Price) strategy. The firm’s holdings in Bitcoin have been reduced from 3956 BTC to 2956 BTC, leading to a decrease in value from $434 million to $318 million. This reduction has resulted in an unrealized loss of $3.96 million for AguilaTrades, who now maintain a 20x leveraged long position on 2956 BTC valued at $318 million. The current opening price of this position was set at $108,638 with a liquidation trigger at $100,755.