Crypto Trader AguilaTrades Opens $7.19 Million 40x Leveraged Bitcoin Short

Trader AguilaTrades has opened a 40x leveraged short position covering 93.67 Bitcoin, valued at approximately $7.19 million, with a liquidation threshold set at $77,435.21. The high-leverage trade follows a series of substantial derivatives position shifts by the associated wallet address, which has accumulated over $38 million in historical trading losses. Earlier on Tuesday, the account closed an estimated $7.68 million Bitcoin short at an average price of $76,804, briefly held zero active position, and subsequently flipped directional exposure by exiting a $6.88 million long to establish an initial $6.45 million short on 84.08833 BTC.