A $19.91 million Bitcoin short held by AguilaTrades on Hyperliquid sits 0.44% from liquidation, putting the 40x leveraged position close to a forced close after a recent liquidation hit the account.
AguilaTrades still held the short on Nov. 11, with 40x leverage and a notional value of about $19.91 million. The short was 0.44% from liquidation. AguilaTrades had a liquidation about five minutes before the snapshot, with a loss of approximately $50,900.
AguilaTrades’ cumulative losses on Hyperliquid were about $39.09 million.
An earlier snapshot on Nov. 3 put the BTC short at about $9.35 million after AguilaTrades added $450,000 in USDC; cumulative losses were then around $38.2 million. By Nov. 11, both the position value and reported loss total had risen while the 40x short remained open. Since June 2025, AguilaTrades has shifted between leveraged long and short positions and faced repeated liquidations.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
