Gold briefly touches $4600: A certain bearish whale faces $7.7M liquidation, largest bearish position sees profits halved

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

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

At the same time, the "largest online gold short" is also under pressure. The total floating profit, which was previously as high as $6.3 million, has rapidly narrowed to $3.2 million in this round of rallying, almost halved. The 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 adjusted its position.