OnchainLens reports that wallet 0xaCB’s leveraged short positions on gold and silver have resulted in a $2.33 million loss due to price rebounds.
On March 1, OnchainLens reported that wallet 0xaCB opened leveraged short positions worth $37 million on gold and silver, resulting in a $2.33 million floating loss. The positions, which were opened with 4x leverage on gold and 3x on silver, are still open as of the report, highlighting the risks of leveraged trading in traditional commodities within the crypto market.