According to Blockbeats, on January 14, a trader with the largest short position in PAX Gold (PAXG) held a 5x short of 2,846.19 tokens at an average entry price of $4,525.95, facing a $320,000 loss. The same address also opened a 20x BTC long of 7.71 BTC at $94,489.2, resulting in a small profit. The contrasting outcomes clearly reflect the trader's position trading strategy. The PAXG short and BTC long highlight the importance of position sizing in managing risk and reward.
BlockBeats News, January 14, according to... Hyperinsight Monitoring: The "largest short position in on-chain gold tokens," currently held by a trader, involves shorting 2,846.19 gold tokens PAX Gold (PAXG) with 5x leverage. The average entry price is $4,525.95, and the floating loss is $320,000.
This address went long 7.71 BTC today at an average price of $94,489.2 with 20x leverage, currently with a slight floating profit.
