AguilaTrades has reported a significant loss of over $35 million on the Hyperliquid platform within a two-week period. The losses stemmed from a series of long positions in Bitcoin, each of which was closed at a loss despite initially showing substantial unrealized gains. The trading strategy involved multiple Bitcoin long trades that failed to capitalize on the potential profits, leading to the substantial financial setback. This development highlights the volatility and risk associated with cryptocurrency trading, even for experienced traders.