Another Hyperliquid whale switches to short BTC position
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Another closely watched Hyperliquid whale suffered losses from its long position. The whale, recognized as one of the most experienced traders in the crypto space, switched to a short position with 20X leverage. Another Hyperliquid whale was pushed out of its long position following the downturn of BTC prices. The whale, recognized as @aguilatrades, is one of the oldest known participants in the BTC market. Unlike Wynn, this trader hardly publicizes its decisions and trades, and is not seeking popularity. The new wallet was identified just days ago and tagged by on-chain investigators. AguilaTrades(@AguilaTrades) has closed his $BTC long position with over $12.4M in losses — and flipped short. Will he keep racking up losses, or is this short his shot at redemption?https://t.co/dSItG8OY3n pic.twitter.com/L04a0FyNtE — Lookonchain (@lookonchain) June 13, 2025 Hyperliquid whales have suffered recent liquidations On-chain data showed the trader closed a 40X leveraged long on BTC, absorbing $12.4M in losses. Soon after that, the whale opened a 20X leveraged short position valued at over $878K. At one point, AguilaTrades took a position opposite the risky trader James Wynn. The inflow of whale traders also attracted none other than Andrew Tate, who was quickly liquidated in the high-risk market. Recently, Wynn also got liquidated on multiple positions, also involving meme tokens like PEPE. Counter-trading Wynn was still a winning strategy, as in the case of one whale making $8M from shorting BTC just in time for its downturn. The Hyperliquid whale was closely watched for a shift in sentiment, as long positions were attacked again. | Source: Hyperliquid The series of liquidations affected multiple whales that voted confidence in BTC or went long on ETH. BTC traded at $104,763, while ETH slid to the $2,500 range, breaking its attempt to regain $2,800. The market momentum turned, as greed trading…
Filed under: News - @ June 13, 2025 12:23 pm