Famous whale fully liquidated in Bitcoin downturn…Lost $40 million

Doohyun Hwang

Summary

Aguila Trades, known as a Bitcoin (BTC) whale, was reportedly liquidated from a Bitcoin long position and effectively lost all its assets.
Aguila Trades suffered a cumulative $39.8 million loss from a 40x leveraged long position, and all assets were liquidated due to further declines.
Aguila's approximately $40 million deposit with Hyperliquid was fully liquidated, making the risk of massive investor losses a reality.

Aguila Trades, known as a Bitcoin (BTC) whale, was liquidated from a Bitcoin long position and effectively lost all its assets.

On the 31st (local time), the on-chain analytics platform OnchainLens reported that Aguila recently suffered a partial liquidation on a 40x leveraged Bitcoin long position, incurring a loss of $2.78 million. The cumulative losses amounted to $39.8 million. The remaining assets at that time were about $200,000.

Afterward, as the price of Bitcoin fell below $115,000, the situation worsened. With further declines, Aguila's positions were ultimately fully liquidated, wiping out all funds (approximately $40 million) deposited with Hyperliquid. Subsequently, the remaining balance in Aguila's wallet was found to be only $86,000.

BTC