AguilaTrades has closed a long position, realizing a profit of $11.3 million

BlockBeats News, August 9th. According to EmberCN monitoring, whale contract trader AguilaTrades closed his long positions on BTC and ETH just 10 minutes ago, completing a trade that lasted only 2 days. During this long position, he increased his initial $4.6 million capital to $15.9 million, resulting in a $11.3 million profit.

Previously, AguilaTrades had experienced significant unrealized gains after opening positions, but each time he chose to compound those gains, leading to higher leverage, minor retracements eroding the gains, and eventually losing his initial capital. Following this $11.3 million profit, AguilaTrades' total losses have narrowed from $40 million to $28.7 million.