"Heavy long positions on precious metals" traders are once again building positions to buy the dip in gold, and related long orders were fully closed two days ago to take profits.

BlockBeats News, February 2nd, according to Coinbob Hot Address Monitoring, shows that as gold prices continue to fall back to around $4,500 per ounce, “heavy long positions on precious metals” whales have re-entered the market, opening long positions on xyz:GOLD (Gold Mapping Contract) with 10x leverage, an average price of $4,538, and a liquidation price of $4,185. Previously, this whale closed all its PAXG (on-chain gold) and xyz:GOLD long positions last weekend, realizing a total profit of approximately $650,000.

This address currently also holds a long position in xyz:COPPER (Copper Futures Mapping Contract), with a position size of about $1.12 million, an unrealized loss of $105,000 (-77%) that has not yet been closed; it also holds a long position in xyz:TSLA (Tesla Stock Mapping Contract), with a position size of about $880,000, and an unrealized loss of $60,000 (-37%).

This account prefers heavy positions in gold and silver. Previously, with a principal of $1 million, it doubled its investment, showing a strong bullish outlook on precious metal assets, with a trading style leaning towards medium-term holdings.