"On-chain part-time stock investors" whale cuts positions in mainstream cryptocurrencies and switches to on-chain gold, with holdings reaching $13 million, becoming the largest on-chain short position

BlockBeats News, January 13 — According to Coinbob Hot Address Monitoring, since January 8, the whale address (0xfc66) has been continuously reducing its ETH, BTC, and SOL short positions with 20x leverage. The combined holdings have decreased from $45.6 million to $17.6 million. Meanwhile, the address recently significantly increased its on-chain gold (PAXG) short positions with 5x leverage, reaching a size of $13 million with an average price of $4,517. As of press time, the position is still being built, and this address has become the largest short position holder in PAXG assets. The current main holdings are:

PAXG (On-chain Gold) Short: approximately $13 million, average price $4,517, unrealized loss about 1.8%;

XRP Short: approximately $13 million, average price $2.056, unrealized profit about 1.5%;

HYPE Short: approximately $5.87 million, average price $24.38, unrealized profit about 9.0%;

In addition to cryptocurrencies, the address has recently established 18 stock short positions on Hyperliquid, mainly concentrated in individual stocks such as ORCL (Oracle), PLTR (Palantir), and AMZN (Amazon). The total size of its stock positions on-chain is about $4 million. The total holdings of this address account have reached $53.2 million.