Prominent Derivatives Trader AguilaTrades Executes Massive Short on ETH with 25x Leverage, Eyes $42M Notional Position

ConfusedWhale · 2025-12-26T20:38:40+00:00

AguilaTrades, a major derivatives trader, has initiated a substantial bearish position on Ethereum, shorting 10,000 ETH using 25x leverage and a TWAP strategy. This follows a successful period of locking in $11.3 million from prior long positions, indicating a significant change in market outlook.

ConfusedWhale

2025-12-26 20:38:40

Abstract generation in progress

According to BlockBeats’ latest update from August 10, monitoring data reveals that AguilaTrades, a notable whale account in derivatives trading, has commenced a significant bearish position on Ethereum. The trader is utilizing 25x leverage to short ETH through a sophisticated execution approach, deploying a Time Weighted Average Price (TWAP) strategy designed to complete the trade over a 3-hour window.

The scale of this operation is substantial: AguilaTrades is positioning for a 10,000 ETH short, translating to approximately $42 million in notional exposure at current Ethereum valuations of around $2.93K per token. This methodical execution approach suggests a deliberate market entry rather than an impulsive trade.

Prior Performance Sets Context

The timing of this bearish maneuver follows a profitable chapter for the account. Just overnight, AguilaTrades closed out its previous long positions across both Bitcoin and Ethereum markets, locking in gains totaling $11.3 million USD. This switch from bullish to bearish positioning marks a notable shift in the trader’s market outlook.

The TWAP execution mechanism allows AguilaTrades to average into its position systematically, potentially minimizing slippage and market impact while navigating the substantial capital involved. For market participants monitoring whale activity, this shift in positioning represents a significant data point regarding institutional or semi-institutional sentiment toward Ethereum’s near-term trajectory.

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