Trader AguilaTrades' $19.91 Million Bitcoin Short Nears Liquidation on Hyperliquid

Trader AguilaTrades holds a $19.91 million Bitcoin short position with 40x leverage on Hyperliquid that sits just 0.44% away from liquidation, bringing the trader's cumulative platform losses to approximately $39.09 million. The position was maintained on November 11 following a smaller liquidation event that cost around $50,900. Earlier that day, the trader had established a 40x leveraged long position of $25.16 million across 340.45 BTC with a liquidation price of $73,009, following $547,000 in losses across 18 trades over the prior week.