ChainCatcher report, according to The Data Nerd, the UK crypto investment firm Abraxas Capital began closing its short positions on $GOLD approximately two hours ago to realize profits; as of now, the unrealized PNL from this $GOLD short position is approximately $2.67 million.
Abraxas Capital Closes GOLD Short Position, Realizes $2.67M Profit
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Summary
Abraxas Capital recently closed a short position in $GOLD as part of its position trading strategy, realizing a $2.67 million profit. The UK-based firm executed the trade over the past two hours, with unrealized P&L reaching the same amount. Position sizing played a key role in managing risk and maximizing returns. As of now, the trade has been fully closed.
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