The largest on-chain gold long position has placed a buy order for a silver contract, with a limit price of $84.

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On January 19, according to Hyperinsight monitoring, the trader known as the "largest long position in on-chain gold" (0x89453) placed a long for a silver contract with a limit price of $84 and a position size of 100,000 ounces.

Currently, this address is still long of 1,500 PAX Gold (PAXG) tokens with 5x leverage, with an average entry price of $4,415.46 and a floating profit of $400,000. It is also long position with high leverage on a basket of on-chain US stock tokens, including Apple, Intel, Oracle, Micron Technology, AMD, and Palantir.

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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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