Trader’s gold short positions partially liquidated! Holdings cut from 1.46 million to 1.17 million, only 0.89% away from the next liquidation round.

GasWrangler · 2026-01-23T07:28:12+00:00

A seasoned trader experienced significant unrealized losses on a gold short position, with holdings dropping from $1.46 million to $1.17 million, facing a 134% unrealized loss. The liquidation price is close, increasing risk, and the rise in spot gold makes the short position even more uncomfortable. This case highlights the enormous risk of holding a position steadfastly.

GasWrangler

2026-01-23 07:28:12

Abstract generation in progress

【Block Rhythm】On January 23rd, a seasoned trader got caught in a gold short squeeze. This individual’s address was partially liquidated at around $4,960 this morning—position size dropped from $1.46 million directly to $1.17 million, with an unrealized loss of $158,000.

Even more heartbreaking, the current average entry price of the account is $4,301, while the liquidation price is at $5,012. Calculations show that the unrealized loss has reached a staggering 134%. And this is not the worst part—the address has been holding a gold short position since December 5th last year, maintaining it for over a month.

The current situation is quite precarious: only about 0.89% buffer remains before the next liquidation line. In other words, as long as the gold price rises slightly, this address will face another wave of liquidations. Spot gold continued to rise overnight and into this morning, which is indeed a nightmare for short sellers. This case clearly illustrates how risky it is to hold a steadfast position.

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CryptoPunster

· 17h ago

Haha, this guy is really demonstrating what "firm belief" means with his life. Over a month of stalemate, a floating loss of 134%. How much resilience does that take? Now only 0.89% left before being washed out. I bet five bucks that gold will jump up in the next second. This is reality, everyone.

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FrontRunFighter

· 17h ago

ngl this is exactly how the dark forest operates... dude got absolutely sandwiched into oblivion. 134% underwater on a month-long position? that's not trading that's just... watching your capital get extracted in real time. the 0.89% buffer is basically liquidation roulette at this point. classic MEV moment when price action hits like that lol

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ZkSnarker

· 17h ago

well technically, this is what happens when you confuse conviction with leverage... 29 days of bagholding a gold short position? that's not "hodling," that's just denial with extra steps. and now sitting at 0.89% from liquidation? imagine if we could run these positions through a zero-knowledge proof to determine who *actually* knows what they're doing lol

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MidnightMEVeater

· 17h ago

Good morning, it's another fresh liquidation feast. Over a month of stubbornly holding short positions, and in the end, it was still swallowed by the robot paradise. That's what we call time cost. 0.89% buffer... Haha, this guy is just waiting for the next bite.

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