"20 million Wave Hunter" cuts losses on on-chain gold short positions, with the position size dropping to $1.49 million

BlockBeats News, January 21 — According to HyperInsight monitoring, the address “20 Million Wave Hunter” (0x880a…) executed a cut-loss operation on its PAXG (on-chain gold) short position, reducing 78.14 PAXG shorts, worth approximately $373,000.

After this reduction, its total PAXG short position is valued at about $1.494 million. The current floating loss on this position is approximately $151,000, with a loss percentage of 50.66%. The average holding price is $4,399.04, and the liquidation price is $61,360.732.

This address is known for high-frequency, multi-currency swing trading style, with an average holding time of about 20 hours. Since October last year, with approximately $20 million in principal, it has realized nearly $100 million in profits.