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The fall in ETH prices puts AguilaTrades' position at risk of liquidation.
Gate news bot message, ETH price falls below $3,700, putting AguilaTrades' trading position at risk. After switching from a short position in ETH to a long position, AguilaTrades is currently facing nearly $3M in losses. The liquidation price for this position is $3,654.77.
According to Lookonchain data, AguilaTrades previously closed their ETH short position with a loss of over $8 million and then switched to a long position. The trader's performance on Hyperliquid experienced extreme fluctuations, turning from a loss of over $35 million to a profit of over $3 million, and then back to a loss of over $27 million.