The cryptocurrency market has seen notable activity from large traders, particularly the whale known as @AguilaTrades, who has frequently engaged in high-leverage Bitcoin (BTC) positions. Since mid-June 2025, AguilaTrades has opened and closed multiple 20x leveraged BTC long and short positions, with position sizes reaching up to $481 million and holding thousands of BTC at times. The trader experienced fluctuating profits and losses, including a $35 million loss on Hyperliquid and periods of unrealized profits exceeding $35 million. Recently, AguilaTrades liquidated 720 BTC worth $83.3 million, resulting in a net loss swinging between $35 million and $36 million. The whale has also shifted focus to Ethereum (ETH), opening a 25x leveraged long position with 17,500 ETH valued at $65 million, and later opening a 20x leveraged ETH short after depositing $4.68 million USDC into Hyperliquid. Other significant market moves include James Wynn, another trader, engaging in 40x leveraged BTC shorts and longs, with multiple liquidations and losses exceeding $385,000, and opening a Dogecoin (DOGE) long position with 10x leverage. Additionally, recent large-scale ETH purchases have been observed, including a $9.45 million USDC acquisition of 2,415 ETH at an average price of $3,916, and an institutional address suspected to be HashKey Capital transferring 12,000 ETH worth $47.18 million to OKX. Other whale movements include transfers of thousands of ETH from Binance and purchases averaging around $3,900 per ETH. These activities highlight ongoing volatility and strategic repositioning among major cryptocurrency holders in BTC and ETH markets.