"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

On January 13, according to Coinbob’s popular address monitoring, since January 8, the whale address (0xfc66) has been continuously reducing its short positions in ETH, BTC, and SOL with 20x leverage. The combined holdings of these three 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 position size of $13 million at an average price of $4,517. As of press time, the address is still building the position and has become the largest PAXG short holder. 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%. Besides 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 on-chain stock positions is about $4 million. The total holdings of this address have reached $53.2 million.