Huo Xing Finance reports that on May 24, according to Onchain Lens monitoring, a large whale took a 25x long position on 2,700 ounces of gold, worth $12.6 million. The whale also holds a 20x leveraged short position in crude oil, with current unrealized profits exceeding $324,000.
Whale takes $12.6M in 25x long positions on Gold and holds a 20x short on Crude
MarsBitShare
Summary
Whale activity trading saw a major move on May 24, as a whale took a 25x long position on 2,700 ounces of gold, totaling $12.6 million. The same whale holds a 20x short in crude oil, with unrealized profits exceeding $324,000. Traders are monitoring for signs of value investing in crypto, as such moves underscore significant market positioning.
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