Whale Increases Silver Holdings with Leveraged Position

On January 20, a prominent investor known for heavy investments in precious metals has increased their leveraged position in silver contracts, according to BlockBeats. The investor, identified by the address 0x271, has established a five-fold leveraged long position in SILVER contracts, totaling 10,000 units valued at approximately $940,000, with an average opening price of $91.3. This position currently shows a floating profit of about $26,000, or 12%. Previously, due to a short-term dip in silver prices, the investor closed a previous position of 20,000 SILVER contracts, valued at approximately $1.88 million with an average price of $79.6, realizing a profit of around $194,000. The investor continues to focus on long positions in precious metals, with a total contract value of about $5.64 million in gold and silver. Key holdings include: - PAXG (on-chain gold) long position: approximately $3.05 million, average price $4,429, floating profit around $170,000 (58%). - GOLD (gold mapping contract) long position: approximately $1.64 million, average price $4,509, floating profit around $64,000 (30%). - SILVER (silver mapping contract) long position: approximately $940,000, average price $79, floating profit around $27,000 (13%). - TSLA (Tesla mapping contract): approximately $560,000, average price $465, floating loss around $45,000 (-31%). The account shows a preference for heavy investments in gold and silver, with an overall leverage of about 5.2 times and a margin usage rate of approximately 80%. The current account balance stands at about $1.435 million, with a return on investment of 68.15% and monthly profits of $380,000.