A whale reduces holdings by 155 BTC as Bitcoin retraces to the $434 million long position cost basis

According to on-chain analyst Ember, BTC has retraced to near the cost basis of AguilaTrades, who opened a $434 million BTC long position, and he has started to reduce his holdings: At 6 o'clock, he set a TWAP (Time-Weighted Average Price) strategy to close a position of 1,000 BTC, and is currently in the process of reducing his position, having already sold 155 BTC. His current position: 3,804 BTC long with 20x leverage, valued at $413 million. The entry price was $108,638, and the liquidation price is $103,000. At present, the BTC price is near his entry cost line.