On-chain whale new move: PAXG short position with a floating loss of 320,000, turning around with 20x leverage to go long on BTC

HashBard · 2026-01-14T05:18:11+00:00

A seasoned trader recently changed their strategy, shorting 2846.19 PAX Gold with 5x leverage, resulting in an unrealized loss of $320,000; at the same time, they went long on Bitcoin with 20x leverage, with a slight unrealized profit. This move reflects their awareness of market volatility risks and their judgment of different assets.

HashBard

2026-01-14 05:18:11

Abstract generation in progress

【BlockBeats】On-chain data shows that a seasoned trader known for shorting the gold token PAX Gold (PAXG) recently adjusted their strategy. The trader is currently short 2846.19 PAXG with 5x leverage, with an average entry price of $4,525.95, and a current unrealized loss of $320,000.

Interestingly, the same address switched to long BTC today. The trader entered with 20x leverage, buying 7.71 BTC at an average price of approximately $94,489.2, with a slight unrealized profit in the account.

This trader’s operational logic is quite thought-provoking — maintaining a short position on PAXG while increasing leverage to go long on Bitcoin. In a highly volatile market environment, this hedging strategy demonstrates the trader’s risk awareness and also reflects market participants’ differentiated judgments on the trends of different assets.

PAXG0,08%

BTC4,27%

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