AguilaTrades, a giant whale, has closed its 20x leveraged BTC long position and opened a 20x leveraged BTC short position

According to Odaily Planet Daily, according to Onchain Lens monitoring, the giant whale AguilaTrades has closed its 20x leveraged BTC long position and opened a new 20x leveraged BTC short position, with a scale of 1,001 BTC (worth $116.7 million). It is reported that AguilaTrades had previously suffered a floating loss of $33.59 million, and has basically recovered the loss, but there is still an unrecovered loss of $12.7 million.