A merchant on hyperliquid of the decentralized exchange of derivatives has transformed an unable profit of $ 10 million into a loss of $ 2.5 million, apparently captured by the same trap who triggered a person using the alias James Wynn, who exploded a 100 million dollars account in May, after Bitcoin
fell 4% compared to the summit on Monday.
The merchant, known as Aguilatrades on X, entered Bitcoin position at $ 106,000, and sat on a Monday summit of $ 108,800 before the largest cryptocurrency recently discussed around $ 104,000.
Bitcoin volatility has been relatively low for months, the price varying between the level of support of $ 100,000 and the record summits around $ 110,000. This did not disturb the merchants of derivatives, who are continually betting up the lever effect, then being cut in a tight range.
This is not the first time that Guilatrades has recorded a losing business at these levels. Last week, they increased by $ 5.8 million on a BTC well before losing $ 12.5 million, according to Lookonchain.
On paper, trade has diplomas because BTC has managed to stay above $ 100,000 despite climbing conflicts in the Middle East, which is generally a catalyst for the drop in risk assets.
However, staying agnostic for pricing in this range and simply buying support and resistance to sales would have given much greater results. Bitcoin exchanges in this range since May 9 with many attempts to break support and resistance along the way.
