Here is the veteran swing trader who spends $35 million on volatility

In the recent amazing mistakes caused by escalating tensions in the Middle East, experienced cryptocurrency trader Aguilatrades reportedly lost more than $35 million in just two weeks.

According to a detailed thread released on X on June 23, the bettor’s aggressive leverage bets are spread as the Israel-Iran conflict rocks global markets and sends cryptocurrency prices on a crazy journey.

$35 million anatomy

Lookonchain’s forensic analysis traces the rapid fall of wallets linked to Aguilatrades, which publicly celebrated the No. 1 spot on Bybit by the end of 2024 and claims to turn U.S. election forecasts into a $50 million bounce.

The relevant sequence began on June 8, when traders transferred $39.18 million of USDC from BYBIT to permanent futures exchange hyperliquidity. His strategy is simple, actively leveraging the long position of BTC.

He launched his first major long-term on June 9 with paper gains of approximately $5.6 million. But his refusal to make a profit, a decision that proved that Bitcoin stormed violently after bitcoin launched a preemptive attack on several strategic Iranian nuclear facilities and military personnel. As a result, he was forced to end the position with a loss of $12.47 million.

However, investors did not give up, doubling the new long positions on June 15 and June 20, both of which made huge gains. The former bet made him pay $10 million in black, while the latter led to a more modest, but a smile that was a lot of unrealized profits of $3.2 million. Again, Aguilatrades did not collect in his unexpected collection, but chose more luck.

Still, fate would not be tempted, and over the weekend, things got worse and worse, with the United States launching a direct military strike against Iran, and the Persian Gulf State reportedly voted to close the strait of Hormuz, the main oil transport control point.

The operation has brought the BTC crash below $100,000 for the first time since last week in May, both resulting in Aguilatrades’ position and cost him $2.95 million and $17 million. Coinglass’ data confirms that he is not alone, liquidating more than $700 million in leveraged positions on Saturday alone.

According to Lookonchain, the trader made the final dice throw, and this time the choice was short-lived. But Bitcoin’s brutal rebound caused lucky investors to lose an additional $2.33 million.

“Don’t be greedy”

The analysis platform bluntly summarizes the serious course:

“Don’t be greedy – get profits. Don’t get into positions during rally. Avoid using high leverage.”

BTC’s trading in this article is about $101,429, down about 1% in the past 24 hours and down 5.2% in 7 days. It shows relative resilience compared to the broader cryptocurrency market, which lost 7.1% of its value in the past week, which is little solace for those caught over-control.