The "On-Chain Gold Largest Long" fully closed its PAXG long position at an average price of $4865, previously opened at approximately $4415.

On January 22, according to Coinbob's popular address monitoring, influenced by the decline in gold price per ounce overnight and this morning, dropping below $4800, the "On-Chain Gold Largest Long" whale on Hyperliquid completely closed its 5x leveraged PAXG long position. The position recorded a profit of $675,000, with an initial size of about $7.3 million at an average price of $4415. After closing, the address increased its holdings in XYZ100 and COPPER longs. The current position details are:
- 10x leverage XYZ100 (Nasdaq 100 index mapping contract) long, with position size rising from $14.8 million yesterday to $20.56 million, with a current unrealized loss of $36,000, at an average price of $25,443;
- 10x leverage COPPER (copper futures mapping contract) long, with position size increasing from $5.84 million yesterday to $11.6 million, with an unrealized loss of $176,000, at an average price of $5.895.
This address account has a total of over $5 million, currently focusing on trading US stock tokens and on-chain precious metals. It is one of the largest addresses by on-chain PAXG and COPPER holdings, with a total position size of $38.8 million. It also holds some small amounts of US stock tokens.