「On-Chain Gold's Biggest Short」 Cuts Losses on Gold Short Position, Still Faces $460,000 Unrealized Loss

BlockBeats News, January 22nd, according to HyperInsight monitoring, the "On-Chain Gold Maximalist" trader (0xfc667) has cut losses and reduced the short position on gold, currently shorting 2198.09 PAXG gold tokens at 5x leverage (approximately $10.65 million), with an average entry price of $4634.92, and a per-token unrealized loss of $460,000.

In addition, the address has also opened a high-leverage short position on a basket of altcoins while simultaneously hedging with a 20x leveraged long position on 32.09 BTC, with a total account unrealized gain of $1.177 million.