[Multi-Million Dollar Nasdaq Short Whale Sets the Stage with Gold Long Positions, Profits from Dual Holdings Amid Risk-Off Sentiment] BlockBeats reports that on March 2, according to Coinbob's popular address monitoring, the whale with the address starting with 0x069 currently holds two positions: a 10x leveraged Nasdaq 100 (XYZ100) short position with a holding size of $9.81 million at an average price of $25,020, and a 5x leveraged gold (GOLD) long position with a holding size of $5.5 million at an average price of $4,861, totaling $15.3 million in holdings. On December 15, 2025, the whale initially set up a nearly $10 million Nasdaq 100 short position, likely betting on overvaluation at the tail end of the U.S. stock market's interest rate hike cycle. This position had previously fallen into unrealized losses. Over two months later, on February 6, the first round of U.S.-Iran Muscat talks began. Amid expectations of peace and gold prices dropping below $4,900 per ounce, the whale seized the opportunity to enter the market early. This setup preceded the escalation of the situation by approximately 20 days. On February 28, missiles landed. News of joint U.S.-Israeli airstrikes emerged, causing a surge in market risk-off sentiment. Both positions turned profitable simultaneously: the Nasdaq 100 short position reversed its losses, while the gold long position's unrealized gains briefly expanded to $500,000, achieving a return rate of 34%. The current holdings have shifted from a single-direction bet against the U.S. stock market to a classic macro risk-hedging strategy. However, if the war returns to peace, the whale's positions are highly likely to face dual-direction losses.