The largest on-chain gold short "On-Chain Stock Investors" turn losses into profits with gold short positions, achieving a monthly profit of $15.4 million

BlockBeats News, February 17 — According to Coinbob’s popular address monitoring, the on-chain largest bearish whale “On-Chain Stock Investor” (0xfc66…) has recently adjusted its positions, closing approximately $17 million in short positions related to the US stock storage sector, while continuously increasing its holdings of gold-related shorts. Currently, its total short positions in PAXG and xyz.GOLD have reached $44 million.

Following the short-term dip in spot gold below $4,900 per ounce today, this address’s gold short positions have fully shifted from unrealized losses to profits. By deploying short positions in stocks, precious metals, and engaging in swing trading in cryptocurrencies, this whale has accumulated a profit of $15.4 million this month. Its current main holdings are as follows:

5x PAXG (on-chain gold) short: approximately $28.16 million in position size, average price $4,979, unrealized profit about $320,000;

6x XYZ100 long: approximately $19.3 million in position size, average price $24,567, unrealized loss about $40,000;

5x GOLD (gold mapping contract) short: approximately $16.4 million in position size, average price $4,920, unrealized profit about $670;

20x SOL long: approximately $14 million in position size, average price $84.3, unrealized profit about $100,000;

It is reported that this address has previously focused on on-chain derivatives of crypto assets and has been continuously reducing high-leverage ETH, BTC, and SOL short positions since January 8. Instead, it has gradually increased its holdings in on-chain stocks, with its stock positions increasing by nearly $80 million within a month, reaching a total of $117 million.