According to Mars Finance, on March 17th, Hyperinsight monitoring showed that the price of GOLD (gold) contracts on Hyperliquid fell in tandem with spot gold breaking below $5,000/ounce. Currently, the largest short position in GOLD on the platform (0xacb) has seen its unrealized profit expand to $620,000, a 7% increase, with an average holding price of $5,113. Furthermore, in the past half hour, another address simultaneously opened short positions in both GOLD and SILVER (silver), with a total open interest of $6.3 million each. The average price of the GOLD short positions was $5,003, and both are currently showing unrealized profits.
Spot gold fell below $5,000/ounce, prompting a whale to briefly open a short position of $3.1 million in gold.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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