A whale shorts $24 million in gold against the trend, adding $9.4 million in a single day

Odaily News According to TradingBeats monitoring, GOLD on Hyperliquid rose to as high as $4,303.5 today, hitting a new high since June 18, and is currently trading at $4,259.3, up approximately 2.9% in the past 24 hours.

Over the past 24 hours, a whale address starting with 0x84a added a short position of 2,199.9 GOLD contracts at prices ranging from $4,261.2 to $4,300, with a transaction value of approximately $9.423 million and a volume-weighted average price of roughly $4,283.4.

This address began building its short position as early as August 4, when GOLD was still trading between $4,058 and $4,065, and has been adding to the position against the trend ever since. Currently, it holds a 7x full-margin short of 5,799.8 GOLD contracts, with a position value of approximately $24.699 million and a blended average entry price of $4,156.4. The overall floating loss stands at about $593,000, with a liquidation price of approximately $5,888.2.

However, its latest round of short positions added at higher prices—the T portion of the position—has already turned profitable. Based on current prices, the $9.423 million in new short orders added over the past 24 hours are showing a floating profit of approximately $53,000, while the earlier base position remains the main source of current losses.

The address first became active in July 2025 and currently holds account equity of approximately $8.183 million, with cumulative historical profits of around $10.5 million. Its positions span crypto, storage, and commodity swing trades, with no clear long-term directional bias. At present, no take-profit, stop-loss, or additional position orders are pending.