'Largest On-Chain Gold Bear' Stops Losses and Reduces Gold Short Positions, Still Facing $460,000 Unrealized Loss

BlockBeats News, January 22, according to HyperInsight monitoring, the 'largest on-chain gold bear' trader (0xfc667) has stopped losses and reduced their gold short positions. Currently, they are shorting 2,198.09 PAXG gold tokens (approximately $10.65 million) with 5x leverage. The average entry price is $4,634.92 per token, with an unrealized loss of $460,000 per token. In addition, this address is also using high leverage to short a basket of altcoins while simultaneously going long on 32.09 BTC with 20x leverage as a hedge. The total unrealized profit of the account is $1.177 million.