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"On-chain gold's biggest short" has a floating loss of $477,000 from shorting gold
On January 20, according to Hyperinsight monitoring, the “largest on-chain gold short” trader is currently short 2,989.3 gold tokens PAXG (approximately $14.02 million) with 5x leverage, with an average entry price of $4,533. The unrealized loss per token is $47,700. Additionally, this address is also highly leveraged short on BTC and a basket of altcoins, with a total unrealized profit of $1.245 million.