AguilaTrades Doubles Down on Bitcoin: 20x Leverage Position Sparks Volatility

Crypto trader AguilaTrades has taken a significant step, opening a leveraged long position of 20x on Bitcoin with an initial investment of $29.85 million USDC from Bybit. This bold move resulted in exposure exceeding $432 million, fueling market volatility and sparking intense debate about leveraged trading risks. AguilaTrades initially held a large stake, which was partially liquidated to manage risk amid recent market turbulence. The long position is now down to 2,956 BTC after a partial closure, causing significant fluctuations in the value of their holdings.