"Smart money earned $5.16 million by short BTC when LUNA/UST collapsed" spent $12.01 million to buy 2,879 XAUt in the past 8 hours

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On October 15, according to monitoring by on-chain analyst Aunt Ai (@ai_9684xtpa), "smart money that short BTC when LUNA/UST collapsed and earned $5.16 million" spent $12.01 million in the past 8 hours to buy 2,879 XAUt (Tether Gold), with an average price of $4,168.

XAUt is redeemable at a 1:1 ratio with physical gold and has risen 15% in the past month.

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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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