Trader AguilaTrades switched from a long to a short position, opening a 20x leveraged $116.7 million BTC short position.

BlockBeats News, July 15, according to Onchain Lens monitoring, trader AguilaTrades has closed his 20x leveraged Bitcoin long position and opened a 20x leveraged short position worth 1001 BTC (approximately $1.167 billion).

He was once at a floating loss of $33.59 million, and has now almost recovered the loss, but still faces a $12.7 million loss.