「20M Whale Bot」 Sells Off Gold Short on Chain, Position Size Reduced to $1.49M

BlockBeats News, January 21st, according to HyperInsight monitoring, the "20 Million Bandit" address (0x880a...) executed a liquidation operation on its PAXG (Gold on-chain) short position, reducing 78.14 PAXG short by approximately $373,000.

After this reduction, the total value of its PAXG short position is approximately $1.494 million. The position is currently floating at a loss of approximately $151,000, a loss of 50.66%, with an average holding price of $4,399.04 and a liquidation price of $61,360.732.

This address is known for its high-frequency, multi-currency arbitrage trading style, with an average holding time of about 20 hours. Since October last year, with a capital of around $20 million, it has accumulated nearly $100 million in realized profits.