Trader adds $131 million to Bitcoin longs, liquidation risk at $62,140

Bitcoin continues to experience significant volatility as a large trader, AguilaTrades, boosted his leveraged long exposure to 2,000 BTC, despite the cryptocurrency’s ongoing struggle to maintain upward momentum. According to on-chain analytics platform Lookonchain, AguilaTrades increased his position with an additional 1,000 BTC, resulting in a total position valued at roughly $131.13 million. The current unrealized profit for the trader is $3.87 million. AguilaTrades’ leveraged position is notable not only for its size but also for its risk profile. The position is built with 40x leverage, meaning even modest price changes could trigger significant gains or losses. The reported liquidation price for the position is $62,140.49. Bitcoin’s current range places this liquidation point within reach if selling pressure intensifies.

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