Spot Gold Breaks $4,890 All-Time High, 'Largest Long in Gold on Chain' Takes Profit on Over Half of Long Position, Making $330,000

BlockBeats News, January 21, according to Coinbob Popular Address Monitor data, influenced by the continuous rise in the price of gold and today's breakthrough of $4,890 per ounce to hit a new all-time high, whales on Hyperliquid who went long on PAXG (on-chain gold) generally realized significant gains. Among them, the whale identified as the "largest long on-chain gold" liquidated part of its 5x leveraged PAXG long positions for profit-taking in the past few hours, realizing approximately $330,000 in profits.

After the liquidation, its PAXG long position size decreased from $7.3 million to $3.58 million, with an average entry price of $4,415, currently still holding approximately $350,000 in unrealized gains (a 36% ROI) and maintaining its position as the largest long on-chain PAXG holder. The whale's other major positions include:

- 10x leveraged XYZ100 (Nasdaq 100 Index synthetic asset) long positions, with a position size of around $14.8 million, currently unrealized loss of $290,000, average price of $25,530;

- 10x leveraged COPPER (Copper Futures synthetic asset) long positions, with a position size of approximately $5.84 million, unrealized loss of $46,000, average price of $5.887.