Closing silver position with a profit of $781,000 in a single trade, why does the "largest on-chain gold long" continue to increase positions?

According to the latest news, on January 15th, the trader known as the “On-Chain Gold Max Bull” just closed a silver long position, realizing a profit of $781,000. This is not the trader’s first large profit, but his trading approach and current position structure are worth noting.

The Operation Behind the $781,000 Single-Trade Profit

The trader closed a 10x leveraged xyz:SILVER long position (SILVER is an on-chain token pegged to silver prices) three hours ago. The profit from this trade reached $781,000, demonstrating the trader’s keen sense in commodity tokens.

It is worth noting that this is not an isolated event. According to previous reports, the trader was already floating a profit of over $750,000 on January 13th, including $271,000 from gold tokens and $484,000 from silver positions. This recent silver long position closure effectively converted floating gains into realized profits.

Current Position Structure: Diversified Long Bias Continues

After closing the silver position, the trader’s current holdings are as follows:

Gold Token Position

Still holding 1,500 PAX Gold (PAXG) tokens with 5x leverage, with an entry average price of $4,415.46. According to the latest data, PAXG is currently priced at $4,594.62, meaning this position has increased by about 4.1% since entry, with a floating profit of $270,000.

On-Chain US Stock Token Portfolio

In addition to gold tokens, the trader is also highly leveraged long on a basket of on-chain US stock tokens, including Apple, Intel, Oracle, Micron Technology, AMD, and Palantir. This indicates an expanded bullish outlook into the US stock sector.

Market Context: Bull-Bear Divergence in the Gold Token Ecosystem

The “largest on-chain gold bull” operation is not isolated. On-chain data monitoring shows a clear bullish-bearish split within the gold token ecosystem:

• The “On-Chain Gold Max Bull” continues to be bullish on PAXG and other commodity tokens.
• Conversely, there is an “On-Chain Gold Token Max Bear” currently shorting 2,846.19 PAXG with 5x leverage, with an average entry price of $4,525.95, and a floating loss of $320,000.

This bullish-bearish divergence reflects differing market opinions on the future of gold tokens.

Trader’s Strategic Characteristics

From this trader’s operations, several features are noteworthy:

Rapid Profitability

Being able to close a position and realize $781,000 profit within three hours indicates strong market timing skills.

Diversified Portfolio

Not only long on gold and silver, but also involved in on-chain US stock tokens, showing a multi-asset bullish strategy.

High Leverage Use

Utilizing 5-10x leverage amplifies both gains and risks. Maintaining high leverage positions suggests strong confidence in the bullish outlook.

Summary

The “On-Chain Gold Max Bull” operation demonstrates the profitability of on-chain traders and also reflects active market participation in commodity tokens. A single trade profit of $781,000 is impressive, but it’s important to note that high leverage can lead to high risks alongside high rewards. The market’s bullish-bearish split indicates clear opportunities but also significant uncertainty. For ordinary investors, such traders’ actions are more for reference rather than direct replication.