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

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.

PAXG3,58%
BTC-4,16%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt