Gold briefly touches $4600: A certain short whale is liquidated for $7.7 million, largest short's unrealized gains halved

BlockBeats News, March 25th, according to Hyperinsight monitoring, the intraday price of spot gold rose more than 5%. The price of the GOLD contract on the Hyperliquid platform once returned to $4600 and is now trading at $4590.

Impacted by the rebound in the gold price, this morning, a certain short whale was forced to liquidate positions twice in the $4500 to $4520 range, with each transaction exceeding a million dollars. The total liquidation amount exceeded $7.7 million, and the current position size is less than a million dollars.

Meanwhile, the "largest on-chain gold short" (0x06a) is also under pressure. The total floating profit, previously as high as $6.3 million, has rapidly narrowed to $3.2 million in this round of surge, almost halved. This address currently holds a 4x leveraged GOLD short position, with a size of approximately $33.7 million, an average price of $4972, and has not yet adjusted its position.