The largest short position in gold on the chain has been reduced, resulting in a floating loss of $460000

On January 22nd, according to HyperInsight monitoring, the on chain address 0xfc667 reduced its position in the gold token PAXG and is currently short selling 2198.09 PAXGs (approximately $10.65 million) with 5-fold leverage. The average opening price is $4634.92, with a floating loss of $460000 per coin. In addition, the address also shorted a package of altcoins with high leverage and hedged 32.09 BTC with 20 times leverage, resulting in a total floating profit of $1.177 million for the account.