Whale Reduces Leverage on ETH, BTC, and SOL, Adds $13M PAXG Short Position

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On-chain trading signals indicate that whale address 0xfc66 has been gradually unwinding 20x leveraged short positions in ETH, BTC, and SOL since January 8, reducing the total value from $45.6 million to $17.6 million. Instead, the address has significantly increased a 5x leveraged short position in PAXG, reaching $13 million at an average price of $4,517. Value investing in the crypto market appears to be shifting toward gold-backed assets, as this address now holds the largest PAXG short position on-chain. Other short positions include $13 million in XRP and $5.87 million in HYPE. On Hyperliquid, 18 stock short positions are open, including ORCL, PLTR, and AMZN, with total stock positions valued at $4 million. The account's on-chain holdings now total $53.2 million.

BlockBeats News, January 13, according to... Coinbob Hot Address Monitoring It shows that since January 8, the whale address (0xfc66) has been continuously reducing its 20x leveraged short positions in ETH, BTC, and SOL, with the total position size dropping from $45.6 million to $17.6 million. At the same time, the address has recently significantly increased its short positions in 5x leveraged on-chain gold (PAXG), with the position size now reaching $13 million, at an average price of $4,517. As of the time of writing, the address is still continuing to build its position, and it has now become the largest short position holder in PAXG assets. Current major positions include:


PAXG (On-chain Gold) short position: Position size is approximately $13 million, average entry price of $4,517, floating loss of about 1.8%.


XRP short position: position size is approximately 13 million USD, average price of 2.056 USD, floating profit of about 1.5%;


HYPE Long Position: Position size is approximately $5.87 million, average price of $24.38, floating profit of about 9.0%;


In addition to crypto assets, this address has recently established 18 stock short positions on Hyperliquid, with larger concentrations in individual stocks such as ORCL (Oracle), PLTR (Palantir), and AMZN (Amazon). The total on-chain stock position size is currently approximately $4 million. The total holdings of this address have reached $53.2 million.

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