Spot Gold Retreats Briefly, Long Whale Liquidated $1.53M Exit

BlockBeats News, March 19th, according to Hyperinsight monitoring, spot gold experienced a sharp 2% short-term decline, with the low point briefly falling below $4750 per ounce, putting on-chain long positions under immediate pressure. A certain long whale (0x21e) was liquidated twice in the past half hour, with a total of 318 coins liquidated, equivalent to approximately $1.53 million, and has now completely exited.

In addition, the second largest on-chain gold long position address (0x773) is currently in a similarly precarious situation, with its current position valued at $4.69 million, with an average price of $5214, a liquidation price set at $4687.5, and a floating loss of $420,000, representing a loss of 228%, making it the on-chain address with a holding of over a million dollars that is closest to the liquidation line.