PAXG leading long position with 5x financial leverage heavy allocation, unrealized gains approaching one million

robot
Abstract generation in progress

On-chain Gold Token PAX Gold (PAXG) Once Again Becomes the Focus of Leveraged Trading. On January 25th, on-chain monitoring data revealed that well-known long trader 0xfd652 took a aggressive 5x financial leverage long position on 727.25 PAXG, demonstrating the trader’s strong confidence in the upward movement of gold prices.

Leveraged Operation Details Entry Price $4,126

According to reports from on-chain data monitoring platforms HyperInsight and BlockBeats, the trader established the position at an average price of $4,126.2, using financial leverage to amplify the initial capital by 5 times. As of the data snapshot, the unrealized profit on this position exceeded $702,000, with a return of 94.95%, showcasing the powerful amplification effect of leverage trading amid market volatility.

Full Position Margin Mode Reflects Professional Style

It is worth noting that this address completed all trading operations using a full position margin approach, without choosing the relatively lower-risk isolated margin mode. This trading style fully reflects the high confidence of large traders in market trends, while also implying that a single adverse fluctuation could pose greater risks.

Gold Token Continues to Rise, Financial Leverage Attractiveness Increases

PAXG, as a gold token issued on the Ethereum blockchain, corresponds to 1 ounce of physical gold per token, so its price trend is closely related to spot gold. With the recent continuous rise in gold prices, using financial leverage to go long has gradually become the choice of some aggressive traders. Currently, PAXG’s price has risen to the $4.91K level, showing significant room for increase compared to the entry price.

Leveraged Trading Risk Reminder

It is important to emphasize that although leveraged trading can achieve excess returns when the market moves favorably, its double-edged nature cannot be ignored. A 5x financial leverage means that the capital risk is amplified accordingly. If the market experiences a reverse fluctuation, the loss speed will far exceed expectations, and forced liquidation risks may arise. Behind this trader’s high returns, they are essentially bearing a risk exposure multiplied by the same factor.

PAXG-1,6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)