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

2 hours ago

March 19th — Per HyperInsight monitoring, spot gold plunged 2% in the short term, briefly dipping below $4,750 per ounce and immediately pressuring on-chain long positions. A long-focused whale wallet (0x21e) was liquidated twice over the past 30 minutes, totaling 318 coins worth roughly $1.53 million. The wallet has now fully exited its position. Additionally, the second-largest on-chain gold long position wallet (0x773) is in a similarly precarious spot. Its current position is valued at $4.69 million, with an average entry price of $5,214 and a liquidation threshold of $4,687.50. It holds a floating loss of $420,000 — a 228% drawdown — making it the on-chain wallet with over $1 million in holdings that’s closest to liquidation.
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