Trader AguilaTrades closed its 20 fold BTC multiple orders, resulting in a loss of over $11.7 million

According to a report by Golden Finance, according to on chain analyst Yu Jin's monitoring, trader AguilaTrades is executing a complete liquidation of its 20 times leveraged BTC long position. The trader started closing positions at 4:30 am and the current position has been reduced to $121 million. The remaining 1157 BTC long positions are being closed through the TWAP (Time Weighted Average Price) strategy and are expected to be fully liquidated in 7 hours. According to data, AguilaTrades has incurred a loss of $11.72 million in this long BTC operation.