Whale Investor in Crypto Market Shifts from Mainstream Coins to Shorting Chainlink Gold, Becoming Largest Short Seller on Chain

According to Coinbob, a popular address monitoring platform, a whale address (0xfc66) has been continuously reducing its leveraged short positions in ETH, BTC, and SOL from 20x to 5x since January 8, with holdings decreasing from $45.6 million to $17.6 million. Simultaneously, the address has significantly increased its short position in Chainlink Gold (PAXG) to $13 million, with an average price of $4517. The address has now become the largest short seller of PAXG assets. Current major positions include:

Short position in PAXG (Chainlink Gold): Approximately $13 million, average price $4517, unrealized loss of about 1.8%;

Short position in XRP: Approximately $13 million, average price $2.056, unrealized profit of about 1.5%;

Short position in HYPE: Approximately $5.87 million, average price $24.38, unrealized profit of about 9.0%;

In addition to crypto assets, the address has also established 18 short positions in stocks on Hyperliquid, with significant positions in ORCL (Oracle), PLTR (Palantir), and AMZN (Amazon). The total value of its stock positions on-chain is approximately $4 million. The total holdings of the address account have reached $53.2 million.

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