Trading Activity - AguilaTrades closed short positions of 6,832 ETH ($25.15 million) and 1,134 BTC ($134 million) [1] - The trading activity resulted in a loss of $1.1 million [1] - AguilaTrades still holds a significant ETH short position of 50,000 ETH ($186 million) [1] - The unrealized loss on the remaining ETH short position exceeds $7 million [1]

Hedge fund are piling on $ETH short positions on the CME exchange as they continue to capitalize on the basis trade, yielding up to 9.5%. By @oknightcrypto.https://t.co/71b2Kwe4fd ...