Top PAXG Short Seller Cuts Position, Still Facing $460k Loss

KuCoinFlash

Release Time: 01/22/2026 08:15:55

Summary

According to Blockbeats, on January 22, the top on-chain short seller of PAXG (0xfc667) reduced their position after triggering a stop-loss. The trader now holds a 5x short position of 2,198.09 PAXG (worth $10.65 million), with an average entry price of $4,634.92 and a floating loss of $460,000. The address also maintains leveraged short positions in altcoins and a 20x long BTC position for hedging, showing a total floating profit of $1.177 million. Position sizing and risk management remain key in this position trading setup.

BlockBeats News, January 22, according to... HyperInsight Monitoring: The trader known as the "largest short seller of on-chain gold" (0xfc667) has cut losses and reduced their short position in gold. Currently, they are shorting 2,198.09 gold tokens (PAXG) with 5x leverage, worth approximately $10.65 million. The average entry price is $4,634.92, and the floating loss for this position is $460,000.

In addition, the address is heavily shorting a basket of altcoins with 20x leverage while simultaneously going long 32.09 BTC for hedging, resulting in a total floating profit of $1.177 million in the account.

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