「On-chain Shareholder」 Takes Profit on BTC Short and Accelerates On-chain Stock and Gold Allocation, Related Holdings Now at $24.3M
BlockBeats News, January 19th, according to Coinbob Popular Address Monitoring, in the past 1 hour, the "On-chain Stock Trader" whale (0xfc66...) has continued to close its BTC short position to take profit, reducing a total of about $1.18 million, and as of the time of writing, it is still reducing its position. After this operation, the total value of BTC short positions of this address is still $8.7559 million, with a floating profit of about $0.334 million, and its total contract account assets are currently $67.28 million.
While reducing its crypto short position, this address has transferred funds to on-chain stocks and gold assets. Among them, positions in several on-chain stock targets including the S&P 500, Tesla, and MicroStrategy have continued to increase, with the related holdings increasing from $4 million last week to the current $10.25 million. In addition, the address has also opened a PAXG (gold) short position, with a holding size of $14.1 million and an average price of $4532. Currently, the total size of its on-chain stock and gold-related holdings is about $24.35 million.
The total asset size of this address exceeds $67.2 million. Its operational strategy has recently undergone a significant shift: starting from January 8th this year, it has continued to reduce its highly leveraged ETH, BTC, and SOL shorts, with the overall position size reduced by about 50%; at the same time, it has gradually increased its holdings of on-chain stocks and gold assets, now being the largest on-chain gold short position.
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