"On-chain stock investors" reduce BTC short positions and accelerate the deployment of on-chain stocks and gold, with related holdings reaching $24.3 million.

BTC3,13%
ETH9,62%
SOL7,97%
PAXG0,09%

BlockBeats News, January 19 — According to Coinbob Hot Address Monitoring, over the past hour, the “On-Chain Stock Investor” whale (0xfc66…) has continued to reduce its BTC short positions for profit-taking. So far, it has reduced approximately $1.18 million, and as of press time, it is still decreasing its holdings. After this operation, the total value of the address’s BTC short positions remains at $8,755,900, with an unrealized profit of about $334,000. Its total assets in the contract account currently amount to $67.28 million.

While reducing its crypto short positions, the address has shifted funds into on-chain stocks and gold assets. Among them, it has continued to increase its holdings in several on-chain stock assets, including the S&P 500, Tesla, and MicroStrategy. The related holdings have increased from $4 million last week to the current $10.25 million. Additionally, the address has opened a new PAXG (gold) short position, with a position size of $14.1 million at an average price of $4,532. Currently, its total on-chain stock and gold-related holdings amount to approximately $24.35 million.

The total assets of this address exceed $67.2 million. Its recent operational strategy has shown a clear shift: since January 8 this year, it has been continuously reducing high-leverage short positions in ETH, BTC, and SOL, with overall holdings shrinking by about 50%. At the same time, it has gradually increased its holdings in on-chain stocks and gold assets, now becoming the largest on-chain gold short position.

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