TLDR
- AguilaTrades returns to Hyperliquid after months of inactivity, opening a $16.58 million Bitcoin long position.
- The trader deposits 499,000 USDC and uses 40x leverage to gain exposure to 200 BTC.
- Bitcoin’s price decline puts the new position at risk, with liquidation set near $81,466.75.
- AguilaTrades previously faced 33 liquidations, accumulating $37.64 million in losses from leveraged crypto trades.
- The trader’s comeback raises questions about whether the new Bitcoin position can survive further market volatility.
AguilaTrades has returned to Hyperliquid with a $16.58 million Bitcoin long after months without visible trading activity. The account deposited about 499,000 USDC on October 8, according to blockchain tracker Lookonchain.
The trader opened a position covering 200 BTC with 40x leverage. Screenshots shared by Lookonchain showed an entry near $82,906 and a liquidation price of $81,466.75.
AguilaTrades(@AguilaTrades), who has been liquidated 33 times and lost a total of $37.64M, is back after more than 6 months of inactivity.
He deposited 499K $USDC into #Hyperliquid and opened a 40x long on 200 $BTC($16.58M).
Liquidation price: $81,466.75… pic.twitter.com/Fg53rSHKpN
— Lookonchain (@lookonchain) October 8, 2026
AguilaTrades Opens Another High-Leverage Position
The new trade uses cross margin, which draws on available account funds to support the position. It gives the trader exposure to far more Bitcoin than the initial deposit could purchase.
The gap between the reported entry and liquidation prices was roughly $1,439 per Bitcoin. If the market reaches the liquidation level, Hyperliquid could close the position automatically.
Bitcoin Decline Leaves Limited Room
The return followed Bitcoin’s fall below $83,000 during a broader market decline. Higher US Treasury yields and rising oil prices accompanied the latest move lower.
The account’s liquidation level stood below the reported entry price by less than 2%. That narrow distance matters because leveraged positions can close before traders recover their losses.
Hyperliquid records trades and transfers onchain. Public tracking tools can therefore follow changes to the position, including additional deposits, reduced exposure, or a full exit.
Earlier Trades Produced Heavy Losses
The latest position comes amid widespread crypto liquidations, with one recent report recording more than $555 million in forced closures. AguilaTrades also has a history of repeated liquidations.
In June 2025, the wallet began sending funds from Bybit to Hyperliquid. Transfers reached roughly $39 million in USDC. The account lost more than $35 million within two weeks. By early August, separate reports placed realized losses near $40 million across the trader’s earlier positions.
Trading Resumes After Extended Silence
The trader continued rebuilding Bitcoin and Ethereum longs into August 2025. Public records later counted 33 liquidations and $37.64 million in losses before activity stopped.
The return also follows a market session marked by heavy Ethereum long liquidations. Reports placed those Ethereum closures at $201 million on October 7, alongside wider selling.
New transfers from Bybit and Circle-linked wallets funded the October 8 position. The trader’s next action remains unknown, and the reported liquidation price may change if the account adjusts its margin or exposure.
