"On-chain gold's biggest short" has a floating loss of $477,000 from shorting gold

PAXG-3,46%
BTC-0,55%

BlockBeats News, January 20th, according to Hyperinsight monitoring, the “largest on-chain gold short” trader is currently shorting 2989.3 gold tokens PAXG (approximately $14.02 million) with 5x leverage, with an average entry price of $4533, and a floating loss of $477,000 per token.

In addition, this address is also highly leveraged shorting BTC and a basket of altcoins, with a total floating profit of $1.245 million.

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