Gate News reports that on March 17, according to Hyperinsight monitoring, the U.S. stock market silver price rebounded from $77 to over $81 during trading hours. The trader at address 0x61ce on Hyperliquid (nickname “Silver Iron Head Short Army”) saw a significant reduction in unrealized gains, then fully closed their 20x leveraged silver short position in the early morning, with an average closing price of $79.2 and a scale of approximately $7.8 million, ultimately recording unrealized gains of about $140,000. This trader previously became one of the largest on-chain silver shorts with a position of $35 million and currently still holds long positions in BTC worth tens of millions and short positions in ETH.
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