Trader AguilaTrades deposited 450,000 USDC as margin to Hyperliquid and then opened a short of 120.74 BTC, worth about $9.35 million, according to Ember monitoring cited by BlockBeats.
Reported position and losses
The flash said AguilaTrades’ rolling-position trades on Hyperliquid had produced cumulative losses of about $38.2 million since June last year. The reported figures describe a monitored position and historical losses; they are not a confirmation from Hyperliquid or the trader.
What remains unknown
The source does not provide a verified statement from AguilaTrades, the position’s entry price, leverage or liquidation level. The short’s value and cumulative-loss figure may change as market conditions and the account position change.
Source: BlockBeats English source, published Nov. 3, 2026.