HyperLiquid Whale Loses Millions After Record Unrealized Profit
Date: 2025-06-18 Author: Henry Casey Categories: BUSINESS
On the HyperLiquid platform, a major market participant with the nickname AguilaTrades suffered significant losses after impressive gains. Although at the peak, his virtual profit was about $10 million, the trading ended with a real loss of $2.5 million.
According to Lookonchain, shortly before this, AguilaTrades also missed the opportunity to lock in $5.8 million in unrealized profits from a long position in Bitcoin. In total, his losses against the backdrop of a volatile market reached $12.47 million.
The trader opened a long position on the first cryptocurrency when the price was at $106,000 and held the position until the quotes rose to $108,800. However, there was a sharp rollback - the cost of bitcoin fell to $104,000, which led to losses.
Despite the fact that in recent months, bitcoin has demonstrated relatively low volatility and is trading in the range of $100,000 to $110,000, traders continue to actively use borrowed funds, betting on growth. As noted by CoinDesk, such strategies often result in drawdowns, since the narrow price corridor makes it difficult to implement aggressive trading plans.
Experts believe that at first glance, such actions look logical: Bitcoin is steadily holding above the psychologically important threshold of $100,000, despite the unstable geopolitical situation in the Middle East. Usually, such factors reduce the attractiveness of risky assets, but in this case, the cryptocurrency maintains its positions.
However, analysts believe that a more rational approach would be trading within the range with purchases at support levels and sales at resistance. In their opinion, this tactic would have brought more profit since the beginning of May, when Bitcoin has been steadily fluctuating within the given boundaries.
At the time of publication, the cost of the first cryptocurrency was about $105,400, and since the beginning of the year, Bitcoin has risen in price by 12.7%, according to CoinGecko data. Recall that in May, the famous trader James Wynn announced his departure from HyperLiquid with a profit of $25 million, but subsequently changed his mind and suffered losses of millions of dollars.
