Hupzy (Spot On Chain)|7月 16, 2026 13:37
🚨 Gold has broken below $𝟰,𝟬𝟬𝟬 per ounce, and one of the largest tracked holders is accelerating its exit — Antalpha has unloaded an estimated $𝟭𝟰𝟮𝗠 in gold since its January peak.
Antalpha's holdings dropped from $329.86M to $138.77M, giving back over $𝟱𝟬𝗠 in PnL on a position built over the past year. Their cost basis sits well below current prices, meaning the selling can continue without realized losses.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A major whale distributing into a key technical break compounds the downside pressure on gold. $142M from a single entity is significant flow that can extend the breakdown below $4,000. Cross-asset, this matters: gold weakness alongside equity selloffs (MU -30%) and crypto deleveraging points to a broad risk-off rotation where safe-haven flows aren't materializing as expected. Watch whether gold stabilizes here or if Antalpha's continued distribution drags it toward the next support zone.
Track Antalpha's holdings on Arkham:
https://arkm.com/explorer/entity/antalpha
source: arkham
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