Band Hunter Cuts Gold Futures Position, Holding Drops to $1.49 Million

According to HyperInsight, on January 21, the well-known on-chain trader 'Band Hunter' significantly adjusted its PAXG (digital gold) short position by reducing 78.14 contracts, worth about $373,000.

Position Changes

After this reduction, the total value of the PAXG short position held by the address is now approximately $1.494 million. The position currently carries a floating loss of $151,000, representing a 50.66% loss. The average holding price is $4,399.04, with a liquidation price at $61,360.732.

Trading Style

• High-frequency trading
• Multi-currency operations
• Average holding period of about 20 hours

Since October last year, this address has generated nearly $100 million in profit from an initial capital of around $20 million.