The 「Heavyweight Long Position in Precious Metals」 trader has once again opened a new position to buy the dip in gold, with the relevant long position having been fully closed for profit-taking two days ago

BlockBeats News, February 2nd, according to Coinbob Popular Address Monitoring data, as the price of gold continued to fall to around $4,500 per ounce, the "Heavy Position Long Precious Metals" whale once again entered the market, opening a 10x leveraged long position in xyz:GOLD (gold synthetic asset) at an average price of $4,538, with a liquidation price of $4,185. Previously, the whale had closed all of its PAXG (on-chain gold) and xyz:GOLD long positions at a profit of approximately $650,000.

The address currently holds a long position in xyz:COPPER (copper futures synthetic asset) with a position size of about $1.12 million, experiencing an unrealized loss of $105,000 (-77%) that has not been closed yet; it also holds a long position in xyz:TSLA (Tesla stock synthetic asset) with a position size of about $880,000, facing an unrealized loss of $60,000 (-37%).

This account prefers heavy positions in gold and silver, previously achieving a doubling of a $1 million principal in a highly bullish precious metal asset, showing a strong bullish sentiment and a tendency towards medium-term holding.