Trader AguilaTrades Faces Double Liquidation After Sizable Bitcoin Long and Short Positions

Crypto trader AguilaTrades has suffered consecutive liquidations on Bitcoin derivatives positions following a return to trading on decentralized platform Hyperliquid. After being inactive for months, the trader initially opened a leveraged Bitcoin long position, which was closed at a realized loss of $331,000 amid falling prices. AguilaTrades quickly reversed course, taking on a 40x leveraged $16.35 million short position covering 200 BTC with an $82,703.32 liquidation threshold. However, volatile whipsaw market conditions triggered a fresh liquidation on the newly opened short position.