Overview

A trader operating on the HyperLiquid platform has turned an unpredicted $10 million gain into a $2.5 million loss. The shift occurred as Bitcoin’s price dipped, which has been fluctuating between a tight range of $100,000 and $110,000 since early May.

• The trader, known as AguilaTrades on X, entered a long position at $106,000 and experienced a high of $108,800 before Bitcoin dropped to around $104,000.
• This discouraging event mirrors the fate of another trader, James Wynn, who previously reported losing a $100 million account due to market volatility.

The volatility in Bitcoin’s price has remained moderate recently, but traders continue to employ leverage, which has led to substantial losses within this narrow trading range.