「On-chain Part-time Stock Trader」 Whale Liquidates Mainstream Coins to Pivot to On-chain Gold, Holding $13 Million Position to Become the Largest On-chain Short
BlockBeats News, January 13th, according to Coinbob Popular Address Monitoring, since January 8th, the whale address (0xfc66) has been continuously reducing its 20x leveraged ETH, BTC, and SOL short positions, with the combined position size decreasing from $45.6 million to $17.6 million. At the same time, the address has recently significantly increased its 5x leveraged on-chain gold (PAXG) short position, with a position size of $13 million, an average price of $4517, and is still accumulating at the time of writing, making it the largest short position holder of PAXG assets. The current main positions are as follows:
PAXG (on-chain gold) short: Position size of approximately $13 million, average price $4517, unrealized loss of about 1.8%;
XRP short: Position size of approximately $13 million, average price $2.056, unrealized gain of about 1.5%;
HYPE short: Position size of approximately $5.87 million, average price $24.38, unrealized gain of about 9.0%;
In addition to crypto assets, the address has recently established 18 stock short positions on Hyperliquid, with larger positions concentrated in individual stocks such as ORCL (Oracle), PLTR (Palantir), and AMZN (Amazon). The current total size of its on-chain stock positions is approximately $4 million. The address's total account position size has reached $53.2 million.
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