AguilaTrades' 20 fold long BTC $434 million position has been fully liquidated, resulting in a loss of $12.48 million

According to a report by Golden Finance, according to on chain analyst Yu Jin's monitoring, trader AguilaTrades' 20x long BTC $434 million position has been fully liquidated, resulting in a loss of $12.48 million! He started long BTC on the 9th and then rolled over his position all the way, expanding it to $434 million on the 11th. He started to liquidate positions in batches after the BTC price correction early this morning, until he fully liquidated 10 minutes ago. He used a total of 29.85 million USDC as margin this time, and had $17.37 million in funds after fully closing the position. That is to say, I lost $12.48 million by going long on BTC this time. Now there is a BTC empty position in his address that belongs to Ant Warehouse for him, with a value of only $870000. At present, it is unclear which direction he is planning to take in the future.