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Short-term build-up of 23 million in gold long positions, "Gold Main Long Army" boldly chasing the rally after the gold price broke above $4900
BlockBeats News, February 3rd, according to Hyperinsight monitoring, shows that as the spot gold price continued to rise today and briefly touched $4900 per ounce, the “Gold Main Long Army” (0xb49…) started building positions around $4800 and increased their holdings to approximately $22.8 million within two hours.
Currently, this address holds a long position in xyz:GOLD (gold mapping contract) with 16x leverage, totaling about $22.8 million, with an average entry price of $4839, a liquidation price of $4580, and an unrealized profit of approximately $230,000 (+11%).
Additionally, last night and this morning, they fully closed a previous position of about $28 million in ETH. They are not holding any cryptocurrencies now, only focusing on long positions in precious metals via xyz:GOLD and xyz:SILVER (silver mapping contract), with a total position size of approximately $25.16 million.