According to Hyperinsight monitoring data, on January 13, the well-known trader known as the 'largest gold bull on-chain' made another significant move in the gold and silver markets. This trader currently holds a 5x leveraged long position in 1500 gold-backed tokens, with an average entry price of $4,415.46, resulting in a floating profit of $271,000.
Simultaneous Exposure to Silver
Besides gold, the trader also took a 10x leveraged long position in silver-backed tokens, generating a floating profit of $484,000. This dual-market strategy indicates a strong bullish outlook on precious metals.
- Gold Position: 1500 tokens
- Leverage: 5x
- Average Entry Price: $4,415.46
Diversified On-Chain Portfolio
It's worth noting that this trading address hasn't limited itself to precious metals. Instead, it has also invested in a basket of on-chain equity tokens, including major holdings such as Apple, Intel, Oracle, AMD, and Palantir, further diversifying its investment strategy.