Gold briefly touched the $4600 mark: A short whale suffered a $7.7 million liquidation in succession, with the largest short position's floating profit cut in half

MarsBitNews · 2026-03-25T03:08:37+00:00

On March 25, spot gold prices surged over 5%, and the GOLD contract on the Hyperliquid platform temporarily pulled back to $4,600. As a result, a major short whale faced forced liquidation, with a liquidation size exceeding $7.7 million. Meanwhile, the floating profit of the largest on-chain gold short decreased from $6.3 million to $3.2 million, with no position adjustment made to the held GOLD short positions.

MarsBitNews

2026-03-25 03:08:37

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Mars Finance News, March 25 — According to Hyperinsight monitoring, spot gold prices surged over 5% intraday. The Hyperliquid platform GOLD contract price temporarily rebounded to $4,600, currently at $4,590. Influenced by the gold price rebound, this morning, a major short whale was forcibly liquidated twice in the $4,500 to $4,520 range, with a total liquidation of over $7.7 million. The current position size is less than $1 million. Meanwhile, the “On-Chain Gold Largest Short” (0x06a) is also under pressure. Its previously unrealized profit of up to $6.3 million has rapidly shrunk to $3.2 million during this rally, nearly halved. This address currently holds a 4x leveraged GOLD short position, approximately $33.7 million in size, with an average price of $4,972, and has not adjusted its position yet.

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