A prominent crypto trader, AguilaTrades, has experienced a devastating liquidation event, losing over $83.56 million in Ethereum ($ETH) due to the recent market crash. This significant loss follows a previous setback of $35 million in July 2025, pushing AguilaTrades’ total losses to nearly $120 million. The incident occurred on a platform like Hyperliquid, known for its high-leverage trading strategies that amplify both profits and losses. Analysts highlight the impact of such rapid market swings, pointing out that 70% of crypto liquidations occur during 5% price drops. AguilaTrades’ experience echoes historical events like Bitcoin’s dramatic 65% plunge in a single month during the 2018 bear market. This event has sparked discussions on social media platforms, prompting both sympathy and debate regarding overleveraged positions in the volatile crypto space.