A whale closed out its $3.98 million long ETH positions and shifted its funds to increase its long gold positions.

According to Mars Finance, on February 3rd, Hyperinsight monitoring showed that at 13:14, an address starting with 0xb49 closed out 1712.48 ETH long positions at an average price of approximately $2325, corresponding to a value of approximately $3.98 million. These funds were subsequently used to add to a long position in xyz:GOLD (a gold-mapped contract). This address currently holds various leveraged positions, primarily including: a 25x leveraged ETH long position of 1129.9 ETH, valued at approximately $2.629 million, with a floating profit of approximately $2201; a 16x leveraged xyz:GOLD long position, valued at approximately $11.3 million, with a floating profit of approximately 1.53%; and a 10x leveraged xyz:SILVER long position, valued at approximately $1.399 million, with a floating loss of approximately 0.44%.