According to Golden Finance, data from blockchain monitoring agency Lookonchain shows that trading firm AguilaTrades has made significant moves in the investment market. It added 1.8 million USDC to the cryptocurrency trading platform Hyperliquid and chose to continue going long on Bitcoin (BTC).
At present, AguilaTrades’ BTC holdings have reached 3,952. According to the current market situation, these holdings are worth approximately 422 million US dollars. It is worth noting that the forced liquidation price of the institution’s positions is $103,330, which means that once the price of Bitcoin drops to this level, the positions will face the risk of forced liquidation. However, as of now, AguilaTrades has achieved a profit of 3.2 million US dollars.
In the market environment where the price of Bitcoin fluctuates frequently, AguilaTrades’ position increase operation demonstrates his optimistic judgment on the subsequent trend of Bitcoin and also adds a new highlight to the battle between bulls and bears in the cryptocurrency market.
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