AguilaTrades Faces $133,254 Loss on $95.65 Million Bitcoin Short Position

AguilaTrades, a prominent crypto trader, is currently managing a substantial $95.65 million short position on Bitcoin with a leverage of 20x. This position was initiated at a price of $106,774, with a liquidation level set at $112,932. As of the latest data, the portfolio holds no long exposure, with all capital allocated to the BTC short position. The current unrealized loss on this position stands at $133,254, with the portfolio's equity at $6.64 million and margin usage reaching 72.04%. The return on equity for this portfolio is -2.79%.

Over the past 24 hours, AguilaTrades has incurred combined realized losses amounting to $1.23 million. The PnL curve indicates sharp drops during key market movements, followed by periods of little activity. These fluctuations suggest resistance to downward momentum in the BTC market. The portfolio currently holds one active position and has placed 99 open orders, with no additional assets or spot holdings. No funding costs have been recorded, and margin usage continues to rise as BTC maintains its current range.

Bitcoin has been trading at $107,323.53, reflecting a 0.21% gain over the last 24 hours. The market capitalization stands at $2.13 trillion, showing a 0.2% daily increase. The intraday price chart reveals initial downward pressure, with dips below $107,000 occurring multiple times. However, the price later recovered, reaching a peak near $107,500 before stabilizing above the $107,300 level. Bitcoin’s market activity remained volatile, with sharp moves both upward and downward throughout the session. Despite earlier drawdowns, price strength built during the second half of the session, with consistent activity during the latest upward move. Bitcoin closed the session above the $107,300 level, maintaining short-term gains amid fluctuating momentum across the broader crypto market.

Bitcoin has broken out from a long-term descending pattern that began forming in November 2024, with resistance near $114,000 and support building above $72,000. The price touched the lower trendline three times, bouncing higher in each instance. Breakout confirmation came in May as the price cleared the resistance line. The MACD indicator has displayed four bullish crossovers between January and June, occurring during recovery phases from each dip. Bearish crossovers appeared in December, February, and May, signaling short-term slowdowns. No significant downward pressure has followed since the breakout, with MACD levels showing current momentum holding in positive territory.