On-chain whale ORCL's long position lost 199,000, switching to leverage to go long on gold tokens and US stock basket

NullWhisperer · 2026-01-21T08:38:10+00:00

An active on-chain gold long trader, after losing $199,000 on ORCL, did not get discouraged. Instead, they continued to go long on PAXG and several US stock tokens with 5x leverage, indicating they are adjusting their strategy in anticipation of a rebound or hedging. However, the risks associated with high leverage still remain.

NullWhisperer

2026-01-21 08:38:10

Abstract generation in progress

【Blockchain Rhythm】Interesting trading signals are emerging. This trader, who has long been active as an on-chain gold bull, recently took a hit on ORCL (a token pegged to the Oracle US stock price)—closing a long position 11 hours ago and losing $199,000 directly.

However, this guy clearly hasn’t given up. He is currently doubling down in this direction: using 5x leverage to aggressively go long on the on-chain gold token PAX Gold (PAXG), while also using high leverage to sweep a basket of on-chain US stock tokens—Apple, Intel, Micron, AMD, and even Palantir.

From the setback with ORCL to shifting focus to US stocks and a precious metals basket, this whale seems to be adjusting his strategy. Either betting on a rebound in tech stocks or optimistic about the safe-haven properties of precious metals in the current environment. But trying with such high leverage indeed carries significant risk.

PAXG2,42%

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ponzi_poet

· 2h ago

This guy really has a big heart. After losing 200,000, he turned around and used 5x leverage to keep going. His risk awareness is truly impressive. Thumbs up.

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ForumMiningMaster

· 6h ago

Lost 199,000 but still dared to continue with 5x leverage, this mental resilience is truly impressive...

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AirdropHarvester

· 6h ago

Lost 199,000 and still dare to use 5x leverage to keep going? This guy must either be out of his mind or truly a gambler's fate.

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NFTArchaeologis

· 6h ago

Losing nearly 200,000 but still daring to continue with leverage, this mindset is really... Either a gambler or someone who has seen something we haven't. But this kind of approach is like digging recklessly on digital ruins; one wrong move could trigger a fault line.

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