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

According to market news, since January 8, the whale address (0xfc66) has continuously reduced its short positions in ETH, BTC, and SOL with 20x leverage, with the total position size decreasing from $45.6 million to $17.6 million.

Meanwhile, this address has recently shifted to significantly increase its short position in on-chain gold (PAXG) with 5x leverage, reaching a position size of $13 million, with an average price of $4,517. As of the time of writing, it continues to build this position, and the address has now become the largest short in PAXG assets.

Current main positions are:

• PAXG (on-chain gold) short position: position size approximately $13 million, average price $4,517, unrealized loss approximately 1.8%;
• XRP short position: position size approximately $13 million, average price $2.056, unrealized gain approximately 1.5%;
• HYPE short position: position size approximately $5.87 million, average price $24.38, unrealized gain approximately 9%;

In addition to crypto assets, this address has recently established 18 short stock positions on Hyperliquid, with larger concentrations in individual stocks such as ORCL (Oracle), PLTR (Palantir), and AMZN (Amazon). Currently, its total on-chain stock position size is approximately $4 million. The total position size of this address has reached $53.2 million.