The post A Brutal BTC Trading Collapse appeared on BitcoinEthereumNews.com.

Popular trader AguilaTrades lost more than $35M in a span of only two weeks by trading Bitcoin perpetuals and this can be used to warn against leveraged trading. With 39.18M USDC sent from Bybit to Hyperliquid, the Aguila tried to make multiple high-leverage trades using Bitcoin (BTC), they all ended up being disastrous. The following is an analysis of the way the AguilaTrades’ losses were incurred. June 8: Transfer to Hyperliquid Begins To begin, AguilaTrades initialized the procedure by creating a new wallet and transferring substantial amounts of money through Bybit to Hyperliquid to trade BTC perpetuals. The total amount of money transferred amounted to 39.18M USDC.  June 9: First BTC Long Ends in $12.47M Loss On June 9, Aguila took a long position on BTC and continued to add them it as Bitcoin soared in price. His unrealized profits reached a point where he was sitting on a profit amounting to $5.76M. Nevertheless, he proceeded to enhance his exposure in preference to earning profits. This took a negative twist as there was some geopolitical tension, especially caused by the conflict between Israel and Iran. BTC dropped sharply, and Aguila was forced to close the position, locking away a mind-boggling $12.47M loss. June 15: Second Long Trade Ends in $2.95M Loss The initial failure notwithstanding, AguilaTrades opened another long position on June 15. The tactic once more was to begin pyramiding into the trade as BTC rose. This time, the profits were unrealized up to the point of $10M, but he did not close the trade. It promptly dipped back soon afterward, and Aguila was forced to exit at a loss of $2.95M rather than another chance to take a huge profit out on the table. June 20: Third Long Trade Results in $17M Loss Aguila tried another long on…

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Filed under: News - @ June 23, 2025 4:27 pm