Trader AguilaTrades caught in both long and short squeeze, $16.48 million short position falls into unrealized loss.
October 9th, according to EmberCN monitoring, well-known rollover trader AguilaTrades lost $300,000 on a long BTC position yesterday, then opened a short in the early hours of today, but the entry price was at a local bottom, resulting in a current unrealized loss of $150,000 on the short position.
Yesterday afternoon, he first went long on BTC at $82,823, then after the price dropped, he stopped out the long at $81,940, losing $300,000.
In the early hours of today, he opened a short on 200 BTC ($16.48 million) at $81,743, then BTC rebounded, and the position now has an unrealized loss of $150,000, leaving $250,000 of the $700,000 principal.