2026-01-05 04:25:25

Whales continue to increase their positions in the "Double Gold" strategy. This major investor first spent $30 million at the end of October to buy 264.8 WBTC, with an average price of about $113,000 per coin. Currently, this position has a unrealized loss of $5.7 million.

Unexpectedly, this whale did not cut losses or reflect, but instead shifted to physical assets. Since early October, it has spent $12.42 million to acquire 2,371.4 XAUt and 559.7 PAXG (on-chain physical gold tokens). Today, it further increased its holdings with an additional $8.5 million in gold exposure.

From the significant loss in "digital gold" BTC to continuous holdings of "real gold" reflected on-chain assets, is this operation a hedging strategy or a long-term allocation approach? The market is watching.

WBTC0,07%

XAUT0,12%

PAXG0,32%

BTC0,09%

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MevSandwich

· 01-07 16:12

Lost 5.7 million but still dare to add more gold, this guy is either a gambler or has truly seen through it --- BTC drops so sharply but still keeps sweeping, either he's out of his mind or has too much money --- Double gold strategy? Isn't this just losing on BTC and then switching to gold haha --- I just want to know if this whale is taking profits or continuing to bleed, so exciting --- Is gold token really good? Feels like it's still safer to just hold BTC directly --- This operation looks quite professional, but I bet 5 bucks that I will still get trapped --- Ah yes, yes, now everyone is into losing while adding positions, right --- Really want to get inside this whale's head and see how this idea came about --- Rather than hedging, it's more like betting on a market rebound, no problem with gold --- The 5.7 million floating loss should have been cut earlier, forcing to add gold is just crazy

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QuorumVoter

· 01-07 15:31

Still risking 5.7 million in losses and adding leverage? This whale probably doesn't want to play itself into bankruptcy...

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WenAirdrop

· 01-05 04:48

Losing 5.7 million and still not cutting losses? This whale really adds to their position when they smell blood, I'm speechless.

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StablecoinArbitrageur

· 01-05 04:41

honestly the correlation coefficient between btc drawdown and gold accumulation here is *chef's kiss*... classic negative beta hedging but the execution? sloppy. 5.7M unrealized loss yet doubling down on tokenized gold instead of rebalancing? from my backtesting this screams panic hedge, not conviction play.

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Anon4461

· 01-05 04:38

Still risking 5.7 million to buy more gold? You must have a really strong mindset, haha.

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StakeOrRegret

· 01-05 04:34

Losing 5.7 million but still daring to add more gold? Is this guy truly a believer or just a gambler... --- The dual-gold strategy sounds impressive, but it's actually just BTC stepping into a trap and pouring money into gold, right? --- Refusing to cut losses and instead going all-in on gold... Interesting, is this hedging or chasing the rally? --- Selling 30 million worth of WBTC now shows a floating loss, then switching to pour over 20 million into gold exposure. How do you calculate this account? --- Do whales really burn their money casually? Losing money and adding more... Would normal people do this? --- So the question is, is he bearish on BTC or just bullish on gold? --- From digital gold to real gold, sounds like a backstab to BTC, haha. --- Losing and adding more positions again, only big players dare to do this. --- Remembered it, how's the liquidity of on-chain gold tokens... Isn't this guy afraid of a dump?

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