AguilaTrades held a roughly $33.55 million Bitcoin (BTC) long by early Saturday after reversing a short, a rapid shift that put the account into leveraged exposure.
Over roughly an hour, AguilaTrades exited a short position of about 700 BTC and established long exposure. An account reading at 12:26 a.m. ET on Nov. 14 (05:26 UTC) put the long at about 500 BTC, with 40x cross margin.
The liquidation price was $60,031.60. The reported average entry was $66,835.60, compared with a $67,092 mark price.
On-chain analyst EmberCN said AguilaTrades closed a 500 BTC short on Nov. 13 with a reported gain of about $1.3 million. EconoTimes previously covered the reported short exit.
