January 22nd — Per monitoring from HyperInsight (via HyperInsight), the trader labeled “On-Chain Gold Maximalist” (address 0xfc667) has cut losses and closed out a portion of its gold short position. Currently, the address holds a 5x-leveraged short position on 2198.09 PAXG tokens — equivalent to roughly $10.65 million — with an average entry price of $4,634.92. The unrealized loss per token totals $460,000. Additionally, the address has opened a high-leverage short position on a basket of altcoins, while simultaneously hedging with a 20x-leveraged long position on 32.09 BTC. The account’s total unrealized gain currently stands at $1.177 million.
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