According to @EmberCN, trader @AguilaTrades fully closed his massive 20x long BTC (Bitcoin) position worth $434 million, incurring a loss of $12.48 million. He began building this leveraged position on June 9 and increased it through June 11 using a total of $29.85 million USDC as margin. The entire position was liquidated in batches following a significant BTC price pullback in the early hours today. This high-profile liquidation signals increased volatility and potential bearish sentiment among leveraged traders, which could impact short-term BTC price action and overall crypto market liquidity (source: @EmberCN on Twitter).