A whale has opened a 2,700 $GOLD long position with 25x leverage, valued at $12.6M.
The whale also holds a $CL (20x) short position, with a floating profit of over $324K.
https://t.co/6tcdTnnsdR https://t.co/YhmHukfHyN

A whale has opened a 2,700 $GOLD long position with 25x leverage, valued at $12.6M.
The whale also holds a $CL (20x) short position, with a floating profit of over $324K.
https://t.co/6tcdTnnsdR https://t.co/YhmHukfHyN
$GOLD W 🟥
We expected the back-test of the 0.236 Fib and we got it. All indicators suggest we will test it again for support. Downtrend is confirmed after losing the bull market support band. https://t.co/TGUKj1GgFY
what did his algo know? https://t.co/cwClg4w8FW
Mk4 (@mk4_lul) made an expensive mistake this morning.
He was only long a few hundred thousand dollars worth of GOLD on Hyperliquid and started a TWAP intended to reduce the position using “reduce only.”
However, he accidentally started a TWAP to short 24K GOLD ($109M) over the next 50 minutes, of which 17.6K GOLD ($80M) was filled before he realized the mistake and terminated the twap.
In the 10 minutes after the TWAP began, gold declined ~0.3%, while the Hyperliquid market saw a sharper ~0.5% move lower.
He then proceeded to TWAP buy back the short position over the following 2–4 hours, which is still ongoing.
He lost approximately $400K due to the mistake.
https://t.co/XQrtNdwBmN