thecryptobasic.com
AguilaTrades, a closely watched crypto trader, has suffered one of the most severe personal losses in recent memory, with nearly his entire portfolio wiped out in a massive liquidation on the Hyperliquid platform.
According to blockchain analytics platform Lookonchain, his long position on Bitcoin (BTC) was closed during a sharp market downturn, one triggered by the Federal Reserve’s decision to delay interest rate cuts.
This wave of selling pressure set off a domino effect across cryptocurrency markets. According to Coinglass data, total liquidations reached approximately $630 million in just 24 hours.
Leverage Turns Fatal in Volatile Markets
AguilaTrades had previously staged a significant comeback from losses amounting to $35 million, even momentarily posting a $3 million profit. However, on July 25, his aggressive BTC position, valued at around 720 BTC or $83.3 million, was liquidated, wiping out those gains and pushing him deeper into the red.
By the end of July, on-chain activity revealed four consecutive liquidations, cementing his current loss tally close to $40 million.
Crypto analyst Zia ul Haque weighed in, describing the incident as a cautionary tale. He explained that public profit-and-loss disclosures can invite “counter-trading” behavior, effectively turning once-successful strategies into traps in full view.
🚨 AguilaTrades Fully Liquidated on Hyperliquid 💥
Once a top CEX trader, AguilaTrader lost nearly $39 million after being wrecked on-chain.
Every long and short got counter-traded.
A brutal reminder: public PnL = public target. pic.twitter.com/xtwXd3xiiv
— Zia ul Haque (@ImZiaulHaque) August 1, 2025
More Traders Hit: Wynn’s PEPE Bet Backfires
AguilaTrades wasn’t the only trader caught in the wave of liquidations. Another high-risk investor, James Wynn, also suffered heavy losses after his leveraged long position in PEPE was wiped out, according to data from Lookonchain.
Just a week earlier, Wynn had recorded his most significant profit of the year, earning over $500K. However, this short-lived success was quickly erased. His total losses now exceed $1 million, leaving only $14,850 in his trading account.
Winners Emerge from the Downturn
While long traders suffered, some bearish players profited handsomely. A trader using the wallet address 0xCB92 successfully shorted ETH using 20x leverage, reaping more than $3.7 million in gains.
This contrasting outcome showcases the razor-thin margin between profit and ruin in crypto derivatives trading, where extreme leverage magnifies both risk and reward.
The liquidations of AguilaTrades and others highlight the nature of leveraged crypto trading, particularly during periods of heightened market uncertainty. With central banks withholding expected rate cuts and global trade tensions escalating, traders are facing an increasingly unstable environment.