AguilaTrades: $10M 40x BTC Short Nets $165K
@lookonchain reports that trader AguilaTrades, down $38M lifetime, opened a 40x short on 124.24 BTC worth $10.14M four hours ago and now holds $165K in unrealized gains with liquidation at $83,432.22.
SourceAnalysis
AguilaTrades reopened a leveraged short on BTC after cumulative losses reached $38M, taking a 40x position sized at 124.24 BTC for $10.14M four hours ago and already booking $165K in paper gains according to @lookonchain.
Price sits at $83681.53 inside the Bollinger band with upper resistance at $84193.14, while the EMA50 at $83469.81 and EMA200 at $82303.05 continue to anchor the bullish structure; the neutral RSI at 53.91 paired with the MACD golden cross suggests any test of the upper band could trigger a quick retracement toward the EMA50 before the short faces renewed pressure near the $83432 liquidation level.
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