Trader AguilaTrades incurs $550,000 single-day loss as short position stops out again

On October 09, according to Resin monitoring, as Bitcoin rebounded past $83,000, well-known trader AguilaTrades' short positions were once again forced to stop out, adding $250,000 in new losses. Following a 14-month trading hiatus, the trader suffered consecutive losses, first dropping $300,000 on a long position opened yesterday, and then another $250,000 after shorting at the bottom. Their $700,000 principal eroded to $150,000 in a single day, bringing their lifetime cumulative losses to $38.16 million.