The prominent on-chain gold short seller known as 'Chain Investor' has reported monthly earnings of $15.4 million, according to Coinbob Hot Address Monitoring. The investor recently closed $17 million in short positions on U.S. storage stocks and increased their short exposure to gold-related assets, totaling $44 million in PAXG and xyz.GOLD. A brief dip in spot gold prices below $4,900 per ounce turned their short positions from losses to profits.
Currently, the investor holds a 5x PAXG short position valued at $28.16 million, with an unrealized profit of $320,000, and a 5x GOLD short position worth $16.4 million, yielding an unrealized profit of $670. Additionally, they maintain a 6x XYZ100 long position and a 20x SOL long position, with mixed unrealized results. Since January 8, the investor has shifted focus from high-leverage crypto shorts to on-chain stock positions, amassing nearly $80 million in additional holdings, bringing their total position size to $117 million.
Chain Investor Profits $15.4M from Gold Short Positions
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