Spot gold breaks below $5,000 per ounce, a certain whale opens a $3.1 million gold short position in a short time

MarsBitNews · 2026-03-17T11:15:58+00:00

On March 17th, Hyperinsight monitoring showed that gold contract prices on Hyperliquid declined due to spot gold breaking below $5,000. The largest short address achieved unrealized profits of $620,000, and another address simultaneously opened short positions in both gold and silver with favorable unrealized gains.

MarsBitNews

2026-03-17 11:15:58

Abstract generation in progress

Mars Finance reports that on March 17, according to Hyperinsight monitoring, due to the decline of spot gold below $5,000 per ounce, the price of GOLD (gold) contracts on Hyperliquid also dropped. Currently, the largest short address on the platform, 0xacb, has an open position with an unrealized profit of $620,000, a profit margin of 7%, with an average entry price of $5,113. Additionally, within the past half hour, another address opened short positions in both GOLD and SILVER, with positions totaling $6.3 million each. The GOLD short position has an average entry price of $5,003 and is now showing unrealized profits.

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