The well-known trader AguilaTrades has suffered three significant losses in the Bitcoin market, with total losses reaching $29.1 million, attracting market attention.
The trader seems to be troubled by a position size of 400 million dollars, as every time a long position of a similar size is established, the Bitcoin price drops by more than 4000 dollars:
In the first round of trading, he established a long position of $434 million in BTC, but then the market corrected, forcing him to close the position and resulting in a loss of $12.48 million.
In the second attempt, he re-established a long position of $420 million, facing a drop in Bitcoin prices again, and after closing the position, he lost $2.94 million;
Currently in the third round of operations, the trader has opened a long position of $424 million in BTC. Faced with a price correction of over $4,000, the unrealized loss has reached $13.68 million, but the position has not yet been fully closed to stop loss.
This series of large-scale trading activities can be tracked through the blockchain address 0x1f250Df59A777d61Cb8bd043c12970F3AFE4F925. This case once again illustrates that even wealthy investors need to exercise caution in controlling risks in the face of volatility in the cryptocurrency market.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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fren_with_benefits
· 1h ago
Still losing while continuously buying the dip? It's really better to just hold coins and lie flat.
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AirdropATM
· 8h ago
Ah, my principal is less than one-tenth.
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FlashLoanKing
· 06-22 00:54
Really losing money with the master
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CryptoMom
· 06-22 00:40
Oh dear, losing so much money still doesn't teach a lesson.
The well-known trader AguilaTrades has suffered three significant losses in the Bitcoin market, with total losses reaching $29.1 million, attracting market attention.
The trader seems to be troubled by a position size of 400 million dollars, as every time a long position of a similar size is established, the Bitcoin price drops by more than 4000 dollars:
In the first round of trading, he established a long position of $434 million in BTC, but then the market corrected, forcing him to close the position and resulting in a loss of $12.48 million.
In the second attempt, he re-established a long position of $420 million, facing a drop in Bitcoin prices again, and after closing the position, he lost $2.94 million;
Currently in the third round of operations, the trader has opened a long position of $424 million in BTC. Faced with a price correction of over $4,000, the unrealized loss has reached $13.68 million, but the position has not yet been fully closed to stop loss.
This series of large-scale trading activities can be tracked through the blockchain address 0x1f250Df59A777d61Cb8bd043c12970F3AFE4F925. This case once again illustrates that even wealthy investors need to exercise caution in controlling risks in the face of volatility in the cryptocurrency market.