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The "On-chain Gold Maxi" fully liquidated a PAXG long position at an average price of $4865, with the previous entry price around $4415.
BlockBeats News, January 22nd, according to Coinbob Popular Address Monitor, affected by the overnight and this morning's decline in the price of gold per ounce, briefly dropping below $4800, the "On-chain Gold Max Long" whale on Hyperliquid completely closed its 5x leveraged PAXG long position, realizing a total profit of $675,000 with a previous position size of around $7.3 million at an average price of $4415. After the closure, the address increased its position in XYZ100 and COPPER longs. The current position details are as follows:
10x leveraged XYZ100 (NASDAQ 100 Index perpetual contract) long, with the position size increasing from $14.8 million yesterday to $20.56 million, currently at a floating loss of $36,000, with an average price of $25443;
10x leveraged COPPER (Copper Futures perpetual contract) long, with the position size increasing from $5.84 million yesterday to $11.6 million, with a floating loss of $176,000, at an average price of $5.895.
The address's total balance exceeds $5 million, currently focused on trading US stock tokens and on-chain precious metals. It is currently one of the addresses with the highest on-chain PAXG and COPPER holdings, with a total position size of $38.8 million. It also holds some small-cap US stock tokens.
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