"On-chain gold's largest long position" fully closed the PAXG long position at an average price of $4865, previously opened at approximately $4415.

BlockBeats News, January 22 — According to Coinbob Hot Address Monitoring, influenced by the decline in gold prices per ounce last night and this morning, which briefly fell below $4,800, the “On-Chain Gold Largest Long” whale on Hyperliquid completely closed its 5x leveraged PAXG long position. This position recorded a profit of $675,000, with an initial size of approximately $7.3 million at an average price of $4,415. After closing the position, the address increased its holdings in XYZ100 and COPPER longs. The current position details are as follows:

10x leverage XYZ100 (Nasdaq 100 index-mapped contract) long, with the position size increasing from $14.8 million yesterday to $20.56 million, currently with an unrealized loss of $36,000, at an average price of $25,443;

10x leverage COPPER (copper futures-mapped contract) long, with the position size increasing from $5.84 million yesterday to $11.6 million, with an unrealized loss of $176,000, at an average price of $5.895.

This address account has a total value exceeding $5 million, currently focusing on trading US stock tokens and on-chain precious metals. It is one of the largest addresses by on-chain PAXG and COPPER holdings, with a total position size of $38.8 million. It also holds some small amounts of US stock tokens.