「On-Chain Gold's Biggest Short」 Cuts Losses on Gold Short Position, Still Faces $460,000 Unrealized Loss

Binance will launch SKR perpetual contracts on January 22, per official sources.

As of January 22, monitoring by HyperInsight (via https://t.me/HyperInsight) shows that over the past hour, a whale address starting with 0x61c has opened a 20x leveraged long position on ETH with a position size of $9 million at an average entry price of $3,005. Currently, the address still holds around 100 buy orders in the $2,960-$2,980 range, totaling approximately $11 million. Earlier today, the same address deposited $5.106 million to Hyperliquid before opening a $36.27 million long position on BTC and $36.87 million in short positions on ETH, SOL, and AVAX. The total value of long and short positions is roughly equal, with an overall position size of $73.15 million. The ETH short position was closed at breakeven at 2:00 PM today.

On January 22nd, GMGN monitoring data shows that RALPH—a popular meme coin in the BAGS ecosystem—hit a peak market cap of $59 million today before plummeting over 80% in the past two hours. Its current market cap stands at $9.9 million. BlockBeats reminds users that meme coin trading is highly volatile, often driven by market sentiment and hype, and lacks actual value or use cases. Investors should be aware of the associated risks.

On January 22, per monitoring from HyperInsight (via the link https://t.me/HyperInsight), a whale address (0x007d...) increased its BTC short position by approximately 220 coins—valued at roughly $19.74 million—over the past hour. Currently, the address holds a 40x-leveraged BTC short position totaling 374 coins, with: - Total value: ~$34 million - Unrealized loss: ~$190,000 - Liquidation price: ~$110,000 - Take-profit order set in the $71,100–$72,100 range Since January 20, the address has executed the following moves: 1. First deposited and sold ~171 spot BTC (valued at ~$15.4 million) to Hyperliquid to complete its liquidation. 2. Earlier this morning, following the sell-off, it initially opened a short position at ~$88,000 for BTC, with an initial size reaching ~$13.8 million at one point. This was a further addition to its existing short position.

On January 22, monitoring data from HyperInsight shows a crypto whale closed a 90.23 BTC short position at 16:43, incurring a $12,300 loss. The address currently holds no open positions and is in a wait-and-see stance. The whale’s historical trades have mostly utilized isolated margin mode—reflecting a relatively cautious risk management approach and signaling a high-risk, short-term trading style.

On January 22, Binance founder CZ spoke at the "Financial New Age" panel discussion during the World Economic Forum in Davos. He stated: "Different countries have distinct priorities, agendas, and considerations, so setting up a global regulatory body is quite challenging. Of course, we hope such an organization emerges—especially if it can establish a regulatory framework that’s relatively innovation-friendly. This would significantly simplify work for industry players." He added: "Cryptocurrencies are consistent across countries; there are no country-specific tribal systems. So there should be an optimal framework we can adopt and implement. That’s why I’m currently working hard, devoting significant time to figuring out what this framework entails and how to collaborate with various countries."