"On-chain stock investors" take profit from BTC short positions and accelerate allocation in on-chain stocks and gold, with related holdings reaching $24.3 million

BlockBeats News, January 19, according to reports, in the past hour, the "on-chain stockholder" whale (0xfc66…) has continued to reduce and take profit on its BTC short position, having cumulatively reduced about $1.18 million so far, and is still continuing to reduce as of press time. After this operation, the total value of this address's BTC short position still reaches $8.7559 million, with an unrealized profit of about $334,000. The total assets of its contract account currently stand at $67.28 million.

While reducing crypto short positions, this address has shifted funds to on-chain stocks and gold assets. Among them, it has continued to increase positions in several on-chain stock targets, including S&P 500, Tesla, and MicroStrategy, with related holdings rising from $4 million last week to the current $10.25 million. In addition, this address has newly opened a PAXG (gold) short position, with a position size of $14.1 million at an average price of $4,532. Currently, the total scale of its on-chain stock and gold-related holdings is about $24.35 million.

The total asset scale of this address exceeds $67.2 million. Its operation strategy has shown a clear shift recently: since January 8 this year, it has continuously reduced high-leverage ETH, BTC, and SOL short positions, with the overall position size shrinking by about 50%; at the same time, it has gradually increased its holdings in on-chain stocks and gold and is now the largest on-chain gold short.