A significant market player has re-entered the gold market with a leveraged position as prices fall to around $4,500 per ounce. The whale opened a long position in xyz:GOLD, a gold-mapped contract, using 10x leverage at an average price of $4,538, with a liquidation threshold at $4,185. This move follows the whale's recent profit-taking from PAXG and xyz:GOLD, which netted approximately $650,000. The whale's portfolio also includes a long position in xyz:COPPER, valued at $1.12 million, currently showing a floating loss of $105,000 (-77%), and a long position in xyz:TSLA, valued at $880,000, with a floating loss of $60,000 (-37%). Known for its bullish stance on precious metals, the whale has previously doubled its $1 million principal through strategic long positions.