The identity of the 20x leveraged whale was exposed: AguilaTrades spent 29.85 million USDC to long BTC, with a floating loss of more than 5.5 million US dollars

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On June 12, according to Lookonchain monitoring, the mysterious whale address 0x1f25 was confirmed to be the X user @AguilaTrades.

In the past 4 days, it transferred 29.85 million USDC from Bybit to Hyperliquid, using 20x leverage to long BTC.

Currently, it has unrealized losses of over $5.5 million - but when Bitcoin's price dropped again, it chose to increase its position and continue to long.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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