Whale Trader AguilaTrades Faces Losses in ETH Short Positions

According to BlockBeats On-chain Detection, whale trader AguilaTrades has closed most of its Ethereum (ETH) short positions for the third consecutive time. The positions were initially opened earlier today, and the remaining positions are being gradually closed using the Time-Weighted Average Price (TWAP) method. Over the past three days, AguilaTrades attempted to short ETH at peak prices but was forced to stop-loss each time when the price exceeded the opening price by $50. These actions have resulted in a total loss of $3.8 million.