AguilaTrades Stops Out ETH Short Position Again, Incurring $3.8 Million Loss After Three Consecutive Failed Top Shorts

BlockBeats News, August 12 — According to Ember monitoring, whale trader AguilaTrades has closed out short positions for the third consecutive time at a loss. Twenty minutes ago, they closed most of the ETH shorts opened earlier this morning, with the remaining positions being gradually closed via TWAP.

Over the past three days, AguilaTrades has attempted to "short the top" of ETH three times, each time stopping out after the price rose $50 above the entry price, resulting in a total loss of $3.8 million.