AguilaTrades, a prominent trading entity, has experienced significant losses after a series of rapid position changes in Bitcoin. Initially, the firm cleared a 20x leveraged BTC short position, securing a profit of $12,900. However, a subsequent switch to long positions resulted in a loss of $642,000 within just two hours. In response, AguilaTrades has reverted to shorting Bitcoin, executing a TWAP short order for 1,000 BTC, with 279 BTC already traded. The operation is set to continue until 12:56:22 today.