Hundred-million-level whale quickly turns around: after closing long positions in PAXG, instantly shorts with 5x leverage, shorting 25.929 coins.

LiquidityWitch · 2026-01-23T03:36:10+00:00

A swing trader closed a position in gold token PAXG for a profit of $13,800 in a short period, then quickly switched to shorting and established a new position with 5x leverage. This operation reflects a change in market sentiment, and the trader's cumulative profit has reached $110.8 million, demonstrating their professionalism.

LiquidityWitch

2026-01-23 03:36:10

Abstract generation in progress

【Blockchain Rhythm】On January 23, a band trading enthusiast known for his aggressive style just closed a long position on the gold token PAXG. The trade lasted 29 hours and ultimately took profits with a gain of $13,800. But this trader didn’t rest — he immediately went short.

Currently, he is short 25.929 PAXG with 5x leverage, with an entry price set at $4,968.67. From a trading technique perspective, this is a typical short-term high-leverage operation. On-chain data shows that this address’s total cycle profit has reached $110.8 million, clearly indicating an experienced professional trader. Such rapid shifts often signal a change in market sentiment — after taking profits on the long side, immediately switching to short, possibly based on a clear judgment of the subsequent price trend.

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