AguilaTrades: Closes BTC Short for $1.3M, Opens 40x Position

AguilaTrades closed a BTC short four hours ago for a $1.3 million gain and immediately opened a new 40x short on 500 BTC ($34.65 million) with liquidation at $72,273.30, according to Lookonchain.

Price sits at $69321.41 inside the Bollinger band with lower support at $69017.34 and upper resistance at $76604.81. The bearish structure remains intact as price trades well below EMA50 at $74305.77 and EMA200 at $78564.47 while MACD prints a death cross at -1465.18. RSI at 24.75 shows oversold conditions yet offers little immediate relief against the dominant downtrend, keeping the new short's liquidation level at $72,273.30 as the next key marker for any potential squeeze.