AguilaTrades' 20 times long BTC 434 million dollar position has been fully closed, losing $12.48 million

According to on-chain analyst Ember monitoring, trader AguilaTrades' 20x long BTC 434 million dollar position has been fully leveled, losing $12.48 million. He started long BTC on the 9th, and then rolled all the way to expand the position to $434 million on the 11th. He started position squaring in batches after the BTC price correction early this morning, until 10 minutes ago.
He used a total of 29.85 million USDC as a margin this time, and there are still funds 17.37 million dollars after full position squaring. That is to say, he lost 12.48 million dollars by going long BTC this time. Now he has also opened a BTC short order that belongs to the ant warehouse for him, and the position value is only 870,000 dollars. It is temporarily impossible to see which direction he is going to go in the future.