A prominent crypto whale, identified by the address 0x271, has re-entered the silver market with a 5x leveraged long position in SILVER contracts, totaling 10,000 units valued at approximately $940,000. The average entry price was $91.3 per unit, and the position currently shows a floating profit of $26,000, or 12%. This move follows the closure of a previous 20,000-unit SILVER position, which netted a $194,000 profit after a short-term market correction. The whale's total precious metals holdings now exceed $5.64 million, with significant investments in both gold and silver. The portfolio includes a $3.05 million PAXG position and a $1.64 million GOLD position, both showing substantial floating profits. Additionally, the account holds a TSLA mapping contract with a $560,000 position, currently at a loss. The overall leverage of the account is approximately 5.2 times, with a margin utilization rate of 80%, and it has achieved a 68.15% return rate, generating a monthly profit of $380,000.
Whale Re-establishes Leveraged Silver Position, Precious Metals Holdings Top $5.6M
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