A large on-chain trader's recent actions are quite worth noting. Three hours ago, he closed a 10x leveraged long position on the pegged silver price, taking profits directly and earning $781,000. This take-profit move was quite decisive.



However, he hasn't fully cleared his positions. He still maintains a 5x leveraged long position of 1,500 PAX Gold (PAXG), with an average buy-in price of $4,415.46, and an unrealized profit of $270,000. It seems he remains quite confident in the bullish outlook for precious metals.

What's even more interesting is that this address is also heavily leveraged in a basket of on-chain US stock tokens—Apple, Intel, Oracle, Micron Technology, AMD, and Palantir are all involved. This cross-asset, multi-leverage portfolio strategy indicates that this big trader has a fairly optimistic overall view of the current market.
PAXG-0,16%
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