coin-img-ETHETH-2.72%coin-img-BTCBTC-1.90%coin-img-SOLSOL-5.73%coin-img-XRPXRP-3.69%coin-img-DOGEDOGE-6.75%coin-img-USDCUSDC+0.02%coin-img-SUISUI-11.53%coin-img-ADAADA-5.26%coin-img-ETHETH-2.72%coin-img-BTCBTC-1.90%coin-img-SOLSOL-5.73%coin-img-XRPXRP-3.69%coin-img-DOGEDOGE-6.75%coin-img-USDCUSDC+0.02%coin-img-SUISUI-11.53%coin-img-ADAADA-5.26%coin-img-ETHETH-2.72%coin-img-BTCBTC-1.90%coin-img-SOLSOL-5.73%coin-img-XRPXRP-3.69%coin-img-DOGEDOGE-6.75%coin-img-USDCUSDC+0.02%coin-img-SUISUI-11.53%coin-img-ADAADA-5.26%coin-img-ETHETH-2.72%coin-img-BTCBTC-1.90%coin-img-SOLSOL-5.73%coin-img-XRPXRP-3.69%coin-img-DOGEDOGE-6.75%coin-img-USDCUSDC+0.02%coin-img-SUISUI-11.53%coin-img-ADAADA-5.26%

Whale Address 0xfc66… Cuts BTC Short by $1.18M, Builds $24.35M in Tokenized Stocks and Gold

An on-chain whale address 0xfc66… has reduced its BTC short position by approximately $1.18M in the past hour, leaving a remaining short valued at $8.7559M with an unrealized profit of roughly $334,000, Coinbob's popular address tracker shows on January 19. The address holds total assets of $67.28M in its contract account and has redirected capital from crypto shorts into on-chain stock and gold exposures, increasing positions in tokenized assets including S&P 500, Tesla and MicroStrategy from $4M last week to $10.25M currently. The address also opened a new PAXG short worth $14.1M at an average entry of $4,532, bringing combined on-chain stock and gold-related holdings to about $24.35M. Since January 8, the address has cut high-leverage ETH, BTC and SOL shorts by around 50% in aggregate while gradually adding on-chain stocks and gold, and is currently the largest on-chain short in gold.
BTC
BTC-1.94%
PAXG
PAXG+1.09%
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