Whale Shorts GOLD Worth $9.4M Amid Price Rally

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Whale activity on Hyperliquid revealed a major player adding $9.4 million in short positions on GOLD as the price hit a new high since June 18. The whale, with address 0x84a, has been accumulating short positions since August 4, totaling $24.7 million at 7x leverage. The whale’s position currently shows a floating loss of $593,000, but the latest trade generated a $53,000 profit.

Odaily Planet Daily reports, according to TradingBeats monitoring, GOLD on Hyperliquid reached a high of $4,303.5 today, its highest level since June 18, and is currently trading at $4,259.3, up approximately 2.9% over the past 24 hours.

Over the past 24 hours, whale addresses starting with 0x84a added 2,199.9 short positions on GOLD within the price range of $4,261.2 to $4,300, with a total trading volume of approximately $9.423 million and a weighted average execution price of about $4,283.4.

This address began shorting GOLD on August 4, when it was trading between $4,058 and $4,065, and subsequently added to the position against the market trend. Currently, it holds a 7x fully margined short position of 5,799.8 units of GOLD, with a position value of approximately $24.699 million, an average entry price of $4,156.40, a total unrealized loss of about $593,000, and a liquidation price of approximately $5,888.20.

However, its most recent round of high-level short positions for T+ trading has already turned profitable. At current prices, the unrealized profit on the $9.423 million in new short positions added over the past 24 hours is approximately $53,000, while the earlier base positions remain the primary source of current losses.

This address first became active in July 2025, with current account equity of approximately $8.183 million and cumulative historical profits of about $10.5 million, encompassing swing positions in crypto, storage, and commodities. There is no clear long-term direction, and no take-profit, stop-loss, or additional position orders are currently placed.

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