AguilaTrades adds to $318M Bitcoin long, nearing $4M in unrealized gains

Hyperliquid whale @AguilaTrades has grown a 20x leveraged Bitcoin long to $318 million, with about $3.95 million in unrealized gains, according to on-chain analyst @EmberCN on X. The 3,003 BTC position has an average entry of $104,820 and a liquidation price of $98,956. This is the third major long from AguilaTrades, who began adding again on June 19. In both previous cases, similar exposure above $400 million was followed by a $4,000+ Bitcoin drop.