Billion-Dollar Nasdaq Short Whale Sets Up Golden Long Position Ahead of Showdown, Profiting on Both Sides Amid Risk-Off Sentiment

As of March 2nd, data from Coinbob Popular Address Monitoring shows the whale wallet starting with 0x069 holds two positions: - A 10x leveraged short on Nasdaq 100 (XYZ100) with a size of $9.81 million and an average entry price of $25,020; - A 5x leveraged long on Gold (GOLD) with a $5.5 million size and $4,861 average entry, totaling $15.3 million in position value. On December 15, 2025, the whale opened a multi-million-dollar early short position on Nasdaq 100, initially betting on the end of the U.S. Federal Reserve’s rate-hike cycle and the index’s overvaluation—this position had previously been in floating loss. Two months later, on February 6th, the first round of U.S.-Iran talks kicked off in Muscat. The address bottom-fished amid expectations of peace, as gold prices dipped below $4,900 per ounce. This move came roughly 20 days before the situation escalated. On February 28th, missiles struck, and news of joint U.S.-Israel airstrikes emerged, fueling market risk aversion. Both positions turned profitable simultaneously: the Nasdaq 100 short flipped from loss to gain, while the Gold long’s paper profit briefly hit $500,000 (a 34% return). What was initially a one-way short on U.S. stocks has evolved into a classic macro hedge strategy. However, if tensions de-escalate back to peace, the position faces a high probability of double-sided losses.