Aguila took profit on a $BTC short just this afternoon, then turned around and shorted another 750 BTC, leaving only about 2.3% before liquidation.

Hyperliquid’s well-known trader Aguila Trades $HYPE fully closed his 190 BTC short position starting at 13:00 today, with an average closing price of about $67,960, making roughly $710,000. At 16:11, he opened a new short at $68,731, adding to it steadily until it reached 750 BTC by 19:29.

◎ 750 BTC short position (notional value about $52.05 million).
◎ Average entry price: $69,008; current price: about $69,397; unrealized loss: about $290,000.
◎ Account equity is down to about $1.86 million, with effective leverage of about 28x (40x cross margin).
◎ Liquidation price: $70,986. A further rise of about 2.3% in BTC would trigger liquidation.

He closed his short at a lower price and reopened it at a higher one. The direction hasn’t changed, but the position has grown nearly fourfold. If BTC surges past $71,000, can this short position hold up?

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Data is a snapshot from 20:07 (Singapore time).

The above is an observation of on-chain data only and does not constitute investment advice.