AguilaTrades, a giant whale, closed multiple orders worth 434 million BTC, resulting in a loss of $12.48 million

Odaily Planet Daily News: According to the monitoring of embers, AguilaTrades, a giant whale, has closed all the $434 million BTC leveraged long orders it opened on June 9th, resulting in a loss of $12.48 million. The trader used a rolling position strategy to expand their position to its peak on the 11th, and was eventually forced to close out when BTC retreated early this morning. Its margin account has shrunk from 29.85 million USDC to 17.37 million USDC, with a loss rate of 41.8%. At present, the address still holds a $870000 BTC short position.