According to on-chain analyst Yu Jun, prominent whale trader @AguilaTrades has been steadily increasing long positions since opening new ones yesterday afternoon, utilizing a TWAP (Time-Weighted Average Price) strategy. The current value of these long positions has reached approximately $223 million. Previously, this trader had expanded positions to as much as $400 million on five separate occasions, though those moves eventually resulted in losses.
At present, the trader holds an unrealized profit of around $4.76 million. This includes a highly leveraged long position of 1,277 BTC at 40x leverage, valued at about $150 million. The entry price for this position was $115,968, with a liquidation price set at $112,932. Additionally, the trader maintains a long position in 18,833 ETH at 25x leverage, worth $73.64 million, entered at $3,774 with a liquidation threshold of $3,600.
This approach indicates a renewed confidence in the market from the trader’s perspective, despite previous setbacks following aggressive position increases. The substantial size and leverage of these long positions reflect a strong conviction in potential upward trends ahead. Such significant activity by a key market participant is likely to influence other major investors and may serve as a critical signal of possible forthcoming movements within the cryptocurrency market.
Source: binance
