The cryptocurrency market has witnessed notable activity from prominent traders, particularly the whale known as AguilaTrades, who has been actively trading Bitcoin (BTC) with high leverage positions. Since mid-June 2025, AguilaTrades has alternated between 20x leveraged long and short BTC positions, with position sizes fluctuating between approximately 1,000 BTC to over 4,000 BTC, corresponding to values ranging from $133 million to $481 million. Despite incurring losses of up to $35 million in earlier trades, AguilaTrades managed to recover and achieve unrealized profits exceeding $35 million by mid-July 2025. The liquidation prices for these positions have generally been set around $103,000 to $114,000. Meanwhile, trader James Wynn has also been active, opening and closing 40x leveraged BTC shorts and longs, with recent deposits of approximately $468,000 USDC into the Hyperliquid platform and a liquidation price near $115,570. Wynn has experienced partial liquidations but continues to take aggressive leveraged positions. Additionally, another whale, identified as 0x2258, holds a significant short position on Ethereum (ETH) with 18x leverage, controlling 20,474 ETH valued at $62.5 million, and has previously profited from trading against James Wynn. These developments highlight ongoing high-leverage speculative trading activity within the BTC and ETH markets.