AguilaTrades once again liquidates the ETH short position at a stop loss, marking the third consecutive "top-sniping short" with a loss of $3.8 million.

BlockBeats News, August 12th. According to Ember Monitor, whale trader AguilaTrades has liquidated his short position for the third time in a row. He closed most of his ETH short position opened earlier this morning 20 minutes ago, and the remaining part is also being slowly liquidated through TWAP.

Over the last three days, AguilaTrades has engaged in three "top-sniping" actions on ETH, each time setting a stop-loss after the price rose $50 above his short entry price, resulting in a $3.8 million loss.