Inactive Whale Opens $11.5 Million GOLD and SILVER Leveraged Long Positions
According to Onchain Lens, the wallet reopened activity after more than 2.5 months and used 20x leverage to take large bullish positions in gold and silver.
Summary
No Summary provided as the original text is short
Terms & Concepts
- Leverage: Borrowed exposure that lets traders control larger positions with less capital, while increasing both potential gains and losses.
- Long position: A trade that profits if the price of an asset rises after the position is opened.
- Onchain Lens: A blockchain tracking service that monitors wallet activity and reports notable on-chain transactions and positions.