「On-chain Shareholder」 Liquidates Nasdaq Short Position and Margin Buys Gold, Additionally Dips $59 Million to Buy the Crypto Market
BlockBeats News, February 3rd, according to Coinbob Popular Address Monitor, on-chain gold's largest short whale "On-chain Stockholder" (0xfc66...) has concentrated $80 million to short various commodities, with current weekly profit reaching $9.4 million. The address has been continuously closing positions to take profits in the past few days, mainly focusing on on-chain US stock shorts linked to the XYZ100 (Nasdaq 100 Index), with related positions decreasing from about $19.6 million to less than $300,000. Subsequently, the released funds were added to the precious metals shorts, and the total short position has reached $47 million. Among them, the largest short is in PAXG (on-chain gold), with a size of $24.9 million.
Meanwhile, the overall position structure of the account has undergone significant changes. The total position size has increased to $115 million. In addition to retaining about $57 million in commodity shorts, part of the focus has shifted back to the crypto market. A new long position of nearly $59 million has been opened to buy the dip in XRP, SOL, ETH, and other currencies. Holdings related to on-chain stocks have been significantly reduced. The current main commodity holdings compared with last Friday are as follows:
5x PAXG (on-chain gold): The position size has increased from $12 million to $24.9 million, with an average price decreasing from $5,250 to $4,991, with an unrealized profit of about $980,000;
5x xyz:GOLD (gold mapping contract): The position size has increased to $12.8 million, with an average price decreasing from $5,320 to $4,814, with an unrealized loss of about $83,000;
2x xyz:SILVER (silver mapping contract): The position size has increased to $9.49 million, with an average price decreasing from $108 to $81, with an unrealized loss of about $170,000.
It is reported that this address has always focused on on-chain contract operations of crypto assets, and since January 8th, has been continuously reducing leveraged ETH, BTC, and SOL short positions; gradually increasing on-chain stock positions instead, with its on-chain stock position gradually increasing by nearly $80 million within January, and recently returning to the crypto market.
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