Major Trader Faces Significant Drawdown on 40x Leveraged Bitcoin Position
According to Onchain Lens monitoring data, an experienced trader known as AguilaTrades has encountered steep mark-to-market losses on a newly initiated 40x leveraged Bitcoin long bet. The position currently shows an unrealized loss of approximately $12,000, marking a dramatic reversal for someone who previously incurred over $40 million in cumulative profits.
The account tells a cautionary tale of leverage risk in cryptocurrency markets. Despite an impressive track record of gains exceeding $40 million, the trader's acco
According to Onchain Lens monitoring data, an experienced trader known as AguilaTrades has encountered steep mark-to-market losses on a newly initiated 40x leveraged Bitcoin long bet. The position currently shows an unrealized loss of approximately $12,000, marking a dramatic reversal for someone who previously incurred over $40 million in cumulative profits.
The account tells a cautionary tale of leverage risk in cryptocurrency markets. Despite an impressive track record of gains exceeding $40 million, the trader's acco
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