Spot gold fell below $5,000/ounce, prompting a whale to briefly open a short position of $3.1 million in gold.

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.