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On-chain gold long big players exit arbitrage, pocket $780,000, and switch to increasing positions in US stock tokens
【BlockBeats】A trader known for going long on on-chain gold assets has been active recently. On January 15th, this big player closed a 10x leveraged SILVER long position (an asset pegged to silver prices) within 3 hours, successfully realizing a profit of $781,000. It seems he has a good grasp of the recent silver market trend.
But closing the position is just the first step. This trader is currently holding onto 1,500 PAX Gold(PAXG) with 5x leverage, with an average price stuck at $4,415.46, and an unrealized profit of $270,000—clearly indicating a long-term bullish stance on gold.
Interestingly, besides gold tokens, this big player is also heavily leveraged long on a basket of on-chain US stock tokens. Apple, Intel, Oracle, Micron Technology, AMD, and Palantir are all in his holdings. From silver arbitrage to long-term bullish gold, and then to a long position in US stock tokens, his strategy is quite clear—betting on the rise of global risk assets with leverage.