Whale Trader AguilaTrades Experiences Losses on Short Ethereum Positions

AguilaTrades, a prominent whale trader in the cryptocurrency market, has experienced significant losses after closing most of its short Ethereum (ETH) positions for the third consecutive time. Initial short positions were initiated earlier today, and remaining positions are being gradually liquidated using the Time-Weighted Average Price (TWAP) strategy. However, these actions have been hampered by price fluctuations, resulting in losses totaling $3.8 million over the past three days. Notably, AguilaTrades attempted to profit from price declines but was forced to exit short positions at key points when prices exceeded the initial entry point by $50 each time.