On January 29, chain data revealed that a major trader's floating profit surged to $2.2 million driven by rising copper prices, with total positions reaching $49.2 million. Copper futures were the main profit driver today, adding about $1.1 million to the gains. Here's a breakdown of the current key positions:
- 10x XYZ100 (Nasdaq 100 Index): Position size of ~$21.12 million, average price at $25,443.47, liquidation at $23,421, floating profit of ~$530k (+20%).
- 10x COPPER (Copper Futures Mirror Contract): Position size of ~$18.97 million, average price at $5.91, liquidation at $5.5, floating profit of ~$1.22 million (+44%).
- 5x PLTR (Palantir Technologies): Position size of ~$2.87 million, average price at $165.47, liquidation at $152, floating loss of ~$2.36 million (-138%).
- 10x MU (Micron Technology): Position size of ~$2.66 million, average price at $343, liquidation at $325, floating profit of ~$600k (+74%).
This trader focuses on U.S. equities and on-chain precious metals. Previously the largest long on-chain gold, the trader has now exited that position and shifted strategy to focus on heavy exposure to the Nasdaq and copper prices.