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Gold prices retreat, leading to a shrinkage of long-position unrealized gains, as a major whale temporarily closed a 10.3 million-scale long position.
Mars Finance news. On April 2, according to Hyperinsight monitoring, within the past 1 hour, the 0x06a-prefixed giant whale continued to take profit on its GOLD (gold) long position. As of 10 minutes before the time of publication, it had closed out the entire position, with an average closing price of about $4,587. Prior to that, the position size had reached $10.3 million. Affected by the intraday decline in gold prices, the unrealized profit on this position narrowed gradually from the peak $870,000, ultimately realizing $418,000, which is more than half smaller than the peak unrealized profit.