"Esteemed block traders" The whale's unrealized gains from large commodity trades have reached $2.2 million, with positions in Nasdaq and copper totaling $40 million.

BlockBeats News, January 29 — According to Coinbob’s popular address monitoring, influenced by the rising prices of precious metal copper, the “Noble Bulk Trader” address (0x894…) has seen its unrealized gains expand to $2.2 million today, with a total position size of $49.2 million. Today’s main profits come from copper futures contracts, with unrealized gains increasing by approximately $1.1 million compared to yesterday. The current major holdings are as follows:

10x XYZ100 (Nasdaq 100 Index): position size approximately $21.12 million, average price $25,443.47, liquidation price $23,421, unrealized profit about $530,000 (20%).

10x COPPER (Copper Futures Mapping Contract): position size approximately $18.97 million, average price $5.91, liquidation price $5.5, unrealized profit about $1.22 million (44%).

5x PLTR (Palantir Technologies): position size approximately $2.87 million, average price $165.47, liquidation price $152, unrealized loss about $2.36 million (-138%).

10x MU (Micron Technology): position size approximately $2.66 million, average price $343, liquidation price $325, unrealized profit about $600,000 (74%).

This trader focuses on trading US stocks and on-chain precious metals. Previously, they were the largest on-chain gold long position, but have now closed the position to take profits. The strategy has shifted to heavily accumulating Nasdaq and copper prices with nearly $40 million in positions.