A major gold investor has significantly increased their long position as the spot gold price surged to $4,900 per ounce. The investor, identified by the address 0xb49…, accumulated positions around $4,800, reaching a total of $22.8 million within two hours. This position in the xyz:GOLD contract is leveraged 16 times, with an average entry price of $4,839 and a liquidation price of $4,580. The investor has realized a floating profit of approximately $230,000, marking an 11% gain. In a strategic shift, the investor has liquidated all Ethereum positions, previously valued at $28 million, and now holds no cryptocurrency assets. The focus has shifted entirely to precious metals, with a total position size of $25.16 million in xyz:GOLD and xyz:SILVER contracts.