Hedging Buying Pressure Reverses Gold's Decline, Up 1.5%; Smart Money Opens 20x Long Position at Daily Low

BlockBeats News, June 26th, according to Hyperinsight monitoring, the U.S. PCE inflation has risen to a three-year high, with safe-haven buying possibly driving gold to rebound from the bottom. The Hyperliquid platform is currently trading at $4051, up 1.5% in the past 24 hours, standing out as one of the few assets in the HIP-3 market that has experienced a reversal amidst the overall market downturn.

At 10:00 a.m. today, a trader, after gold briefly dropped below $4000, continued to take on long positions, longing 150 contracts of GOLD with 20x leverage, amounting to $607,000. The average entry price was $4006, perfectly timed near the low point, and the current floating profit has reached 21.7%. In the overall on-chain large positions, the current average long position entry price is around $4255, while the short position is around $4285. The entry cost of this address is below the market average.