On-chain whale closes long positions worth $675,000, shifting towards increasing positions in US stock indices and precious metal contracts.

NullWhisperer · 2026-01-22T05:56:13+00:00

Last night, gold prices plummeted, and on-chain gold whale decisively closed long positions, earning $675,000. Subsequently, the funds were shifted to US stock indices and copper futures, with continued increased positions. The current total holdings amount to $38.8 million, demonstrating a strong sensitivity to macro assets.

NullWhisperer

2026-01-22 05:56:13

Abstract generation in progress

【Blockchain Rhythm】Last night, gold prices plummeted, briefly falling below $4,800 per ounce. In the face of this decline, the “On-Chain Gold Largest Long” whale on Hyperliquid decisively took action—closing a 5x leveraged PAXG long position.

This liquidation earned a significant profit, with a $7.3 million position (average price $4,415) ultimately recording a profit of $675,000. But the funds didn’t stay idle. The whale then reallocated this capital into other assets.

Currently, this address’s focus is on long-term positions in US stock indices and on-chain precious metals. The most notable holdings are:

XYZ100 Longs (tracking the Nasdaq 100 Index): increased from $14.8 million to $20.56 million, 10x leverage, average price $25,443. Currently showing a floating loss of $36,000, but the whale clearly remains optimistic about the future market.

COPPER Longs (Copper futures mapping contracts): scaled from $5.84 million to $11.6 million, also 10x leverage, average price $5.895. This position has a larger floating loss of $176,000, but the address owner appears to be continuously adding to it.

In total, this address now holds positions worth $38.8 million, with a net asset value exceeding $5 million. It has become one of the largest addresses on-chain holding PAXG and COPPER positions. Besides these major holdings, it also holds some US stock tokens sporadically. From the trading style, this whale is highly sensitive to macro assets—immediately cutting losses when gold drops and then shifting to more promising directions to continue betting.

PAXG1.93%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
7
Repost
Share

Comment

0/400

ForumMiningMaster

· 1h ago

Tsk, smashing the market and bottom fishing again. This whale is really playing it smoothly.

View OriginalReply0

pumpamentalist

· 01-22 06:26

The gold bulls have run away. This move was really smart—taking profits at 675,000 dollars and then immediately pouring into the Nasdaq and copper. Truly, making a profit and switching to a different track. I just want to ask, when will this whale teach me?

View OriginalReply0

0xSunnyDay

· 01-22 06:23

It's this whale again. Every move is extraordinary—casually making a profit of $675,000. I'm truly impressed. But on the other hand, switching from gold to US stocks and copper—does this mean they've seen through the market? Or are they simply betting on the Fed's next move?

View OriginalReply0

PessimisticOracle

· 01-22 06:18

The giant whale dumps gold and then runs away. The reaction speed is really top-notch. Making a profit of 675,000 comfortably... But then turns around and goes all in on Nasdaq. Is this a gamble on US stocks or a genuine optimism?

View OriginalReply0

Whale_Whisperer

· 01-22 06:11

Wow, a profit of $675,000 was just casually transferred away? This whale really dares to gamble, going all in on Nasdaq directly. No one has this kind of guts...

View OriginalReply0

GweiTooHigh

· 01-22 06:05

The whale's move was slick; after gold plunged, they completely sold off, then immediately increased their position in the Nasdaq. This shows confidence in tech stocks.

View OriginalReply0

SandwichHunter