Contract Whale AguilaTrades Suffers Major Losses Over the Past Two Months, Wiping Out Over $40 Million in Unrealized Gains

BlockBeats News, August 1—According to monitoring by HyperInsight, contract whale AguilaTrades has recorded a trading loss of approximately $8.47 million over the past 30 days, with about $5.61 million lost in the past 7 days. Its HyperLiquid account has suffered a cumulative loss of around $40 million, nearly wiping out the account, which now holds only $86,000. Throughout this month, AguilaTrades has repeatedly switched between long and short positions, using high leverage to open trades in Bitcoin and Ethereum. The Bitcoin positions have mostly used 40x leverage, while Ethereum positions have used 25x leverage. At one point, the Bitcoin long position had an unrealized profit of over $41.7 million, but suffered a significant drawdown during the market volatility on July 15.

“Aguila” means “eagle” in Spanish. AguilaTrades claims to have been trading since 2013, maintaining a low profile in the trading community for a decade and focusing on time frame analysis based on candlestick charts rather than short-term, minute-level trading. AguilaTrades is known for large-scale cryptocurrency trades, mainly involving Bitcoin, Ethereum, and SOL. The trader reportedly achieved hundreds of millions of dollars in profits in 2024, but has experienced significant losses in the past two months, losing over $33.44 million in June due to high-leverage Bitcoin trades, and seeing a $400 million Bitcoin long position fully liquidated in July.