Top trader AguilaTrades has suffered a series of liquidations! On Hyperliquid, the Bitcoin long order has rekt nearly 40 million dollars.

Well-known Crypto Assets trader AguilaTrades suffered a devastating blow on the Hyperliquid platform, as its Bitcoin long positions were completely liquidated due to a big dump in the market, resulting in losses approaching $40 million! This avalanche-level liquidation occurred during a market pullback triggered by escalating tariff tensions and failed expectations of Fed interest rate cuts. In the past 24 hours, the total liquidation across the network reached $630 million, with Bitcoin long positions accounting for $142 million. This article deeply reviews AguilaTrades’ trading tragedy from a loss of $35 million to a brief profit, ultimately plunging into the abyss, and analyzes the brutal survival rules of the high-leverage derivation market.

From the Bottom to the Abyss: The $40 Million Liquidation Tragedy of AguilaTrades

The crypto assets star trader AguilaTrades faced full liquidation on the decentralized derivation platform Hyperliquid, with their Bitcoin (BTC) long positions completely liquidated during the recent market big dump, resulting in losses nearing 40 million USD. This catastrophic event stemmed from the escalating tariff tensions and the market pullback triggered by the Fed’s failure to meet interest rate cut expectations.

Market Chill: 630 million in liquidations across the network in 24 hours, BTC long positions severely wiped out

BeInCrypto market data shows that the total market value of Crypto Assets has experienced a big dump of 6.9% in the past 24 hours, dropping to $3.83 trillion, with 80% of the top ten coins falling. Among them:

• Bitcoin Price: fell 2.8%
• Ethereum Price: down 3.8% In this context, traders betting on a market rise suffered heavy losses. Coinglass data shows that the total liquidations across the network reached approximately $630 million in the past 24 hours, with liquidations of long positions dominating at $570.68 million. For liquidations of Bitcoin alone:
• long positions Get Liquidated: 141.93 million USD
• Short positions Get Liquidated: 7.4 million USD

AguilaTrades’ Roller Coaster: From Huge Losses to Avalanche Liquidation

(AguilaTrades Hyperliquid Loss | Source: HyperDash)

The blockchain analysis platform Lookonchain disclosed on platform X that AguilaTrades was liquidated on Hyperliquid during this round of big dump, “almost wiping out all his funds on that platform.” This is a devastating blow for the trader, especially dramatically:

1. End of June to early July: AguilaTrades accumulated trading losses of 32.7 million USD, with the highest loss in July reaching 35 million USD.
2. Mid-July: He successfully achieved an astonishing turnaround, not only wiping out a $35 million loss but also achieving a $3 million profit.
3. July 25: The market suddenly changed, and its holdings of 720 BTC (worth about $83.3 million) suffered a Get Liquidated.
4. From July 31 to now: According to the OnChainLens report, AguilaTrades has faced four consecutive Liquidations. Although he had slightly increased his BTC long positions, this latest round of big dump ultimately crushed him. Lookonchain summarized: “From a loss exceeding 35 million to a profit of 3 million, he is now deeper in the deficit, with losses exceeding 36 million.” In total, his losses are approaching 40 million USD.

Crypto Assets influencer Zia ul Haque commented: “This former top CEX trader lost nearly 39 million after being crushed on-chain. Every long and short operation was countered. The harsh lesson: Public profits and losses = Public target.” The risks of high leverage trading are laid bare.

Chain Reaction: James Wynn’s Million Loss and Short Seller’s 3.7 Million Profit

AguilaTrades is not an isolated case. The blockchain analysis platform further disclosed that high-risk trader James Wynn also faced consecutive Get Liquidated:

• The PEPE long positions in its other wallet were continuously Liquidated.
• Total loss exceeded 1 million dollars, account only has 14,850 dollars. Ironically, Wynn just made a profit of over $500,000 last week, marking the largest profit since May 25.

However, there are always winners in the market. Lookonchain pointed out that a trader (0xCB92) accurately captured the market trends:

• Short ETH with 20x leverage.
• This decision brought them a substantial profit of over $3.7 million. This huge contrast vividly illustrates the characteristics of high-risk high-reward trading on high-leverage derivation platforms like Hyperliquid—small price fluctuations can lead to enormous profits or catastrophic losses. Crypto assets contract trading is like licking blood off a blade.

Conclusion: The nearly $40 million liquidation event of AguilaTrades is a brutal case under the combination of macro black swans (escalation of trade wars, shift in Fed policy) and extreme leverage risk. Its trading journey serves as a textbook warning: even top traders are exceptionally vulnerable in the face of extreme volatility and high leverage. The process from massive losses to total collapse reveals the on-chain game dilemma of “public trading exposes strategy.” In the current market environment, the liquidation risks at derivation exchanges such as Hyperliquid and Bybit have surged sharply, and investors must be vigilant about the destructive power of high leverage. James Wynn’s million-dollar loss and the precise strike of anonymous short hunters further prove that the crypto assets derivation market is a gladiatorial arena of zero-sum games. For ordinary investors, strictly controlling position leverage, setting stop-loss disciplines, and avoiding excessive exposure are the keys to surviving this “liquidation storm.” Market volatility is not over, and risk management is paramount.