AguilaTrades cut ETH short position within half an hour of opening, resulting in a loss of $1.92 million

According to Yu Jin, AguilaTrades traders quickly cut losses and closed positions, losing approximately $1.92 million, less than half an hour after opening a short position on ETH, as the price of ETH rose more than $50 from the opening price of $4219. Previously, the trader had also closed out late at night due to unexpected market conditions.