The cryptocurrency whale trader known as AguilaTrades has experienced a volatile period marked by multiple leveraged Bitcoin (BTC) long and short positions throughout June and July 2025. AguilaTrades frequently utilized 20x leverage, with position sizes reaching up to $481 million in BTC longs, at times holding over 3,900 BTC. The trader oscillated between long and short positions, incurring substantial realized and unrealized losses and profits. Notably, AguilaTrades faced losses exceeding $35 million in mid-June, followed by periods of unrealized profits over $35 million in July. Despite occasional gains, the trader's overall performance showed large swings, including a $6 million profit on an Ethereum (ETH) long and losses on ETH shorts and other altcoins. By early August 2025, AguilaTrades suffered a massive liquidation event on the Hyperliquid platform, wiping out nearly $40 million in positions. This liquidation ended a month-long BTC long position that had fluctuated from a $41.7 million unrealized profit to a final loss of $5.2 million, contributing to a historical total loss of approximately $40 million. Other notable traders include James Wynn, who engaged in 40x leveraged BTC shorts and longs, as well as positions in altcoins like PEPE and DOGE, experiencing multiple liquidations and losses exceeding $1 million. The trading activity highlights the high-risk nature of leveraged cryptocurrency trading amid volatile market conditions.