Trader Precision Shorting Gold and Silver
According to on-chain analyst Ai Aunt (@ai_9684xtpa), on February 8 data revealed that trader SMXKX began taking short positions on silver in late January and later established a short position on gold as prices spiked temporarily on January 29.
Despite initial losses, the trader held firm to the strategy and eventually reaped massive rewards when prices corrected sharply.
- January 29: Gold prices surged temporarily, prompting SMXKX to initiate short positions
- February 5: Major price corrections led to a profit of $12.38 million
Top of the Smart Money Rankings
With this successful trade, SMXKX not only secured a top spot on Binance's 30-day Smart Money leaderboard but also demonstrated exceptional market insight and strategic patience.