Trader AguilaTrades Faces a $13.68 Million Unrealized Loss on Third Long BTC Position

An AguilaTrades trader holding a $400 million position has gone long on BTC for the third time and is now facing an unrealized loss of $13.68 million. This trader has failed three consecutive long BTC trades, with total losses reaching $29.1 million. First attempt: Opened a long BTC position worth $434 million, after which BTC retraced by over $4,000, resulting in a forced liquidation and a loss of $12.48 million. Second attempt: Opened a long BTC position worth $420 million, BTC then retraced by over $4,000 again, leading to a forced liquidation and a loss of $2.94 million. Third attempt: Opened another long BTC position worth $424 million, and with BTC having already retraced by over $4,000, the trader has not fully closed the position yet and is currently facing an unrealized loss of $13.68 million.