According to the analysis of Ember, the address of BTC 20x leveraged long position (0x1f25…f925) worth $434 million on Hyperliquid is very likely to belong to @AguilaTrades, because the nickname of the address is "AguilaTrades", and its $29.85 million margin comes from Bybit, which is consistent with the account's long history of using the exchange. The position currently holds 3,956 BTC, with an opening price of $108,638, a floating profit of about $4.45 million, and a liquidation price of $103,287.