sell
AguilaTrades Financial Disaster: Over $35M Loss in Three Weeks
The trader known as AguilaTrades lost over $35 million within three weeks through futures trading. Starting with a deposit of $39 million on Hyperliquid, his balance dwindled to just $4 million due to a series of unrealized profits and market drops. He attempted long positions on Bitcoin three times, each time experiencing multimillion-dollar gains that he failed to lock in, resulting in a total loss of $32 million. Later, he entered a short position, but as Bitcoin's price increased, he incurred an additional loss of $2.3 million. Experts from Lookonchain recommend locking in profits, avoiding FOMO, and not overleveraging.
Source available for registered users Sign Up Free
AI Analysis
The tragic story of AguilaTrades illustrates the perils associated with aggressive futures trading in volatile markets like cryptocurrencies. Starting with a significant deposit, the trader aimed for ...
AI Recommendation
Traders should prioritize disciplined risk management by locking in profits once targets are reached and avoiding the temptation to overuse leverage, especially in volatile markets like cryptocurrenci...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.