【ChainWen】There's an interesting whale address that has recently caused quite a stir on the chain. This "on-chain stock investor" (0xfc66) suddenly shifted tactics, starting to aggressively add to short positions in PAXG (on-chain gold), with 5x leverage, and has now become the largest short player in PAXG. Not only that, they have also opened 18 stock short positions on Hyperliquid, with positions in major companies like Oracle (ORCL), Palantir (PLTR), and Amazon (AMZN) being particularly large and intimidating.
Interestingly, this address had been active in the crypto market before, mainly trading contracts with 20x leverage—shorting ETH, BTC, and SOL. But starting from January 8, they began to reduce these short positions, shrinking from a scale of $45.6 million down to $17.6 million. Clearly, they are adjusting their strategy.
What is their current layout? Stock futures