On chain gold's largest bear earns $15.4 million this month

On February 17th, the largest bear whale in gold on the chain, "Chain Investor" (address 0xfc66...), adjusted its position and closed approximately $17 million in US stock storage related short positions, while continuing to increase its holdings of gold related short positions. Currently, the total size of its PAXG and xyz.GOLD short positions is $44 million. Affected by the short-term drop of spot gold below $4900 per ounce, the short position in gold at this address has turned profitable, with a cumulative profit of $15.4 million this month. The main holdings include: $28.16 million PAXG short position with a floating profit of $320000; More than 100 XYZ100 orders worth 19.3 million US dollars, with a floating loss of 40000 US dollars; $16.4 million GOLD short position, floating profit of $6.7 million; $14 million SOL multiple orders, with a floating profit of $100000. Since January this year, the address has reduced its holdings of high leverage ETH, BTC, and SOL short positions and gradually increased its holdings in on chain stocks. Within a month, the on chain stock position increased by nearly $80 million, with a total size of $117 million.