According to what was reported, amazing mistakes were seen amid the recent fluctuations in Bitcoin caused by the escalating Middle East tensions, losing more than 35 million dollars in just two weeks.
According to a detailed thread posted on the expense of analyzes on the X on the Lokonchain series on June 23, the hostage bets of the property have exploded amazingly as Iranian conflict shook Iran global markets and sent encryption prices on a wild trip.
Anatomy of the collapse of $ 35 million
Forensic medicine for Loconchin Trace The rapid fall of the portfolio associated with Aguilatrades, which publicly celebrated the number 1 on the Bybit in late 2024, and claimed that they had turned the US elections predictions into a 50 million dollars Surprise.
The serials concerned began on June 8, when the trader transferred $ 39.18 million in USDC from Bybit to Hyperleliid for future exchange. Its strategy was clear, and taking advantage of long situations on BTC.
His first long major began on June 9, with paper gains about $ 5.6 million. However, he refused to obtain profits, a disastrous decision when Bitcoin decreased sharply after Israel launched a preventive attack on many Iranian strategic nuclear facilities and military personnel. As a result, he had to close this position with a loss of $ 12.47 million.
The investor did not surrender, although he doubled with new positions on June 15 and June 20, both of which witnessed great gains. The previous bet put it 10 million dollars in black, while the latter resulted in a more modest profit but not a smile of $ 3.2 million in unintended profit. Again, Aguilatrades did not collect its clarity, and instead chose to pay his luck more.
The fate will not be seduced, however, over the end of the weekend, things have moved from bad to worse, as the United States is carried out from direct military strikes on Iran, and it was said that the Persian Gulf state voted to close the Strait of Hormuz, a major area of oil transport.
This procedure witnessed a decrease in BTC to less than 100,000 dollars for the first time since the last week of May, when he liquidated Aguilatrades positions and caused losses of $ 2.95 million and $ 17 million, respectively. Data from Coinglass confirmed that he was not alone in his misery, as more than 700 million dollars were classified in the positions tied on Saturday alone.
According to Lookonchain, the trader performed a single final dice, and chose to shorten this time. However, in a harsh development, Bitcoin wore again, leaving the investor who does not have an additional 2.33 million dollars.
“Don’t be greedy”
Summary of the analysis platform frankly the dark lesson:
“Don’t be greedy – get profits. Don’t express sites during the gathering. Avoid using high leverage.”
BTC has traded about 101,429 dollars in this writing, a decrease of about 1 % in the past 24 hours and 5.2 % over seven days. It has shown relative flexibility compared to the broader encryption market, which lost 7.1 % of its value last week, a fact that will be of a small consolation for those who were arrested.
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