"Heavy Long Position on Precious Metals" Whale once again goes long on silver, bullish on the future market, with monthly profits exceeding $1.2 million, doubling the principal.

BlockBeats News, January 28 — According to Coinbob’s popular address monitoring, amidst the recent continuous strength in spot gold and silver prices, the “heavy long position on precious metals” whale has accumulated a profit of over $1.2 million in the past 30 days. Compared to the account size of about $1 million in December last year, the principal has doubled.

This address fully closed a position of 16,000 SILVER (Silver Mapping Contract) long positions within the past day, with a position value of approximately $1.81 million, recording a profit of about $268,000. Subsequently, today it opened a new SILVER long position of 2.2 million, which is currently showing an unrealized profit. At present, the address’s holdings remain highly concentrated in long positions on precious metals, with a total position value of about $7.56 million in gold and silver contracts, continuing to be bullish on the precious metals market. Its main holdings are as follows:

PAXG (On-chain Gold) long position: approximately $3.43 million, average price $4,429, unrealized profit about $55,000 (161%);

SILVER (Silver Mapping Contract) long position: approximately $2.29 million, average price $111, unrealized profit about $67,000 (13%);

GOLD (Gold Mapping Contract) long position: approximately $1.84 million, average price $4,799, unrealized profit about $162,000 (49%);

The account prefers heavy long positions in gold and silver. Currently, the account funds have increased from about $1 million principal to $2.23 million, with an unrealized profit of about $700,000, and an investment return rate of 170%.