Crypto Trader Nets $5.49 Million by Liquidating Gold Holdings

2026-03-09 07:08

A prominent crypto trader, known for profiting $5.16 million by shorting Bitcoin during the LUNA/UST collapse, has liquidated his gold holdings, earning $5.49 million. Over the past 11 hours, the trader sold 5,250.1 XAUT at an average price of $5,131, realizing a profit of $4.845 million from an initial investment made five months ago at $4,150.89 per XAUT. Additionally, the trader transferred 559.74 PAXG and 16.717 WBTC to Binance, totaling $4.01 million. Despite nearly clearing his positions, he has moved USDT to Binance, possibly indicating future trading plans. Previously, this trader made $13.293 million by buying the dip in BTC and ETH.

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