According to a report by Jinse Finance, and as monitored by Lookonchain, trader AguilaTrades closed short positions of 6,832 ETH (approximately $25.15 million) and 1,134 BTC (approximately $134 million) an hour ago, incurring a loss of $1.1 million. He still holds a short position of 50,000 ETH (with a notional value of about $186 million), currently facing an unrealized loss of over $7 million.