A well-known cryptocurrency trader under the alias AguilaTrades has suffered losses exceeding US$15.4 million over the past ten days. This comes despite his previous reputation as one of the most successful traders on the Bybit platform.

Over the past year, AguilaTrades accumulated an impressive US$77.36 million in profits on Bybit. However, his fortunes took a dramatic turn after he moved his trading activities to the Hyperliquid platform.

According to the latest on-chain data compiled by Finbold from Lookonchain on June 18, AguilaTrades’ trading records reveal a pattern of missed opportunities and poor risk management.

At one point, the trader gained US$5.8 million from a long position in Bitcoin (BTC) using 20x leverage. Unfortunately, he failed to lock in his profits. As the market reversed, he ended up losing US$12.47 million.

A similar scenario unfolded when he earned US$10 million in profit but did not withdraw his funds promptly, which led to a subsequent loss of US$2.5 million.

Bitcoin Price Analysis

On June 17, Bitcoin plunged below the critical level of US$104,000, marking a 4% decline within 24 hours. This drop wiped out approximately US$160 billion from the broader cryptocurrency market.

The fall was attributed to rising geopolitical tensions in the Middle East, particularly the escalating stalemate between the United States and Iran, which spooked investors and negatively affected market sentiment.

Bitcoin’s failure to reclaim the resistance level at US$105,000 triggered a wave of profit-taking, stalling its recent upward momentum that had raised hopes for a new all-time high.

Despite the pullback, institutional interest has remained resilient. Over the past five days, more than US$1.46 billion has flowed into Bitcoin ETFs, signaling continued confidence in the long-term outlook.