Spot Gold Falls Below $5000/Ounce as Whale Takes $3.1 Million Short Position

BlockBeats News, March 17th, according to Hyperinsight monitoring, due to the spot gold price breaking below $5000 per ounce, the price of the GOLD contract on Hyperliquid also plummeted. The current largest short position address for GOLD on the platform (0xacb) has seen its unrealized profit increase to $620,000, with a profit margin of 7% and an average position price of $5113.

In addition, in the past half hour, another address has simultaneously opened short positions for both GOLD and SILVER contracts, with positions totaling $6.3 million. The average short price for GOLD is $5003, and both positions are currently showing unrealized profits.