Crypto Whale @AguilaTrades Switches from Long to Short Position with $116.7M BTC

Gate News bot message, notable cryptocurrency trader known as "Mysterious Whale" @AguilaTrades has executed a significant position change in the Bitcoin market. The trader closed their Bitcoin long position at 20x leverage and simultaneously opened a new short position at 20x leverage, deploying 1,001 BTC valued at $116.7 million.

The trader's previous positions resulted in a $33.59 million drawdown, though recent market movements have helped reduce these losses to $12.7 million.

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