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On-chain silver rose 5.2% intraday, "Silver's largest long position" unlocks profit of $470,000 in floating gains
CoinWorld News: On March 10, according to Hyperinsight monitoring, the price of SILVER on Hyperliquid has increased by 5.2% in the past 24 hours, currently trading at $88.17. The largest silver bull whale (0x63c), who bought at the high point on February 28, has been repeatedly averaging down over the past week to break even. Today, they turned a profit of $470,000 (13.5%), with a daily profit of about $500,000. They currently hold a 3x leveraged SILVER long position with a position size of $8.3 million, an average price of $83.16, making them the largest on-chain silver bull. Additionally, this address also holds a 3x leveraged GOLD long position worth $3 million, with an average price of $5,093.