The "On-chain Trader" shorted major commodities such as precious metals and the Nasdaq with a position of 80 million, turning the loss into a profit today

BlockBeats News, January 30, according to Coinbob Popular Address Monitor data, the largest on-chain gold bear whale "On-chain Stockholder" (0xfc66...) account has currently turned its overall position from loss to profit. The current position size is about $91.7 million, with over $80 million concentrated in commodity short positions, especially focused on the Nasdaq 100 Index and PAXG (On-chain Gold)/GOLD (Gold Mapping Contract) shorts, with a total size of about $41 million. The current major commodity short positions are as follows:

6x XYZ100 (Nasdaq 100 Index): Position size of about $19.6 million, average price $25,819, unrealized profit about $1.12 million;

5x PAXG (On-chain Gold): Position size of about $12 million, average price $5,250, unrealized profit about $260,000;

5x xyz:GOLD (Gold Mapping Contract): Position size of about $10.02 million, average price $5,320, unrealized loss about $420,000;

2x xyz:SILVER (Silver Mapping Contract): Position size of about $8.6 million, average price $108, unrealized profit about $380,000.

It is reported that this address has been focusing on on-chain contract operations of crypto assets, reducing leveraged ETH, BTC, and SOL shorts since January 8 this year; gradually increasing positions in on-chain stocks instead. Its commodity positions have increased by nearly $80 million within January.