After losing over $38 million and being liquidated multiple
On November 3, 2026, Odaily 星球日报 and PANews successively cited Lookonchain data, reporting that trader AguilaTrades, after accumulating losses exceeding $38 million and being liquidated multiple times, opened a 40x leverage short on 93.67 BTC, with a position value of $7.19 million and a liquidation price of $77,435.21. PANews added that the average entry price was approximately $76,760.
Event Timeline
- [11-03 09:14] After losses exceeding $38 million and multiple liquidations, AguilaTrades opened a 40x leverage short on 93.67 BTC (Odaily 星球日报)
- [11-03 09:20] AguilaTrades opens another 40x leverage BTC short after cumulative losses exceeding $38 million (PANews)
Background and Impact
On November 3, 2026, two crypto media outlets successively reported the same on-chain transaction. Odaily 星球日报 at 09:14 and PANews at 09:20 respectively cited Lookonchain's monitoring data, reporting that trader AguilaTrades (account @AguilaTrades, address 0x1f2...4F925), after losses exceeding $38 million and multiple liquidations, once again opened a 40x leverage short on 93.67 BTC, with a position value of $7.19 million and a liquidation price of $77,435.21.
The core data from the two sources are consistent, with differences only in supplementary details. PANews further stated that, calculated by position value, the average entry price of the short was approximately $76,760, less than 1% away from the liquidation price; Odaily 星球日报's report did not mention this derived average entry price. Neither report specified the exact time the position was established, nor disclosed the unrealized profit and loss after opening. It is worth noting that the data from both media outlets came from Lookonchain, so at the original monitoring level, the two actually point to the same source rather than two independent verification paths.
From the perspective of position structure, under 40x leverage, the gap of less than 1% between the liquidation price and the entry price means that a small upward price movement could trigger forced liquidation, which also aligns with the account's previous record of multiple liquidations. However, cumulative losses exceeding $38 million reflect a single trader's high-risk strategy, not overall market conditions. The materials did not provide information such as BTC's price level at the time, market-wide leverage, or funding rates, so it is impossible to judge the position's actual impact on market liquidity or price, nor to confirm whether it still existed when the reports were published.
For such publicly labeled on-chain addresses, position changes are often captured by monitoring tools and secondarily disseminated by media; readers should note that third-party data relayed in this way may omit context. For ordinary users, on-chain data is mostly obtained through tools such as Lookonchain, while market viewing and position management are usually completed on trading platform apps; when searching for information related to 火币HTX注册APP下载, 币安binance注册APP下载, 欧易OKX注册APP下载, Bitget注册APP下载, 芝麻Gate.io注册APP下载, etc., official channels should be verified to avoid counterfeit pages.
Frequently Asked Questions
### What does the liquidation price of $77,435.21 mean?
This is the price threshold at which the 40x leverage short triggers forced liquidation. PANews estimated the average entry price at approximately $76,760, less than 1% away from the liquidation price, meaning that a small upward movement in BTC's price could lead to liquidation. The materials did not disclose the current status of the position.
### Does a cumulative loss exceeding $38 million mean the market faces systemic risk?
The materials are insufficient to support this inference. The reports only show that this is the record of a single account, trader AguilaTrades, and that it had been liquidated multiple times before. Neither report provided information such as BTC price, market-wide leverage levels, or funding rates.
### What nodes should be monitored going forward?
Two points can be monitored: first, whether the address's position is liquidated near $77,435.21; second, whether Lookonchain subsequently updates the account's holdings and profit/loss data. Neither media outlet disclosed the entry time or unrealized profit and loss this time.