AguilaTrades Opens $64.4 Million Bitcoin Long at 40x Leverage

AguilaTrades opened a 40x leveraged long covering 1,000 Bitcoin (BTC), a position valued at about $64.4 million, around 9 p.m. ET Saturday. The trade had more than $1.8 million in unrealized profit about 30 minutes later, at 9:28 p.m. ET (02:28 UTC Sunday). AguilaTrades made $5.66 million from trading over the prior week, mainly through Bitcoin shorts. The new long follows AguilaTrades’ earlier 40x Bitcoin short . Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.