On January 29, AI monitoring data revealed that a new address is continuously increasing its position in gold assets, drawing significant market attention. Over the past 24 hours, this address has been actively withdrawing funds from exchanges and entering the market.
Blockchain data shows that the address withdrew 204.28 XAUT worth approximately $1.13 million from Bybit one hour ago. Since yesterday, it has accumulated 1,454.28 XAUT, with total investment reaching $7.8 million and an average cost basis of $5,365.
Based on current market prices, the position has already generated a floating profit of about $230,000. Notably, the address shows no signs of short-term profit-taking, indicating a clear intention to hold gold assets long-term.
Analysts pointed out that gold-related assets have demonstrated strong resilience amid ongoing cryptocurrency market volatility, which may explain why new capital continues to flow in. As gold prices remain in a high-range consolidation phase, demand for such assets could keep rising.