[Spot Gold Drops Below $5,000/oz, A Whale Opens a $3.11M Short Position Briefly] BlockBeats reports that on March 17, according to Hyperinsight monitoring, the price of GOLD (gold) contracts on Hyperliquid dropped in tandem with spot gold falling below $5,000/oz. Currently, the largest short position address for GOLD on the platform (0xacb) has seen its unrealized profit expand to $620,000, with a profit margin of 7% and an average position price of $5,113. Additionally, within the past half hour, another address simultaneously opened short positions in GOLD and SILVER (silver), with position sizes reaching $6.3 million respectively. The average price for the GOLD short position is $5,003, and both positions have already recorded unrealized profits.