Tens of millions in Nasdaq short whale battle setup, gold long positions ahead of the fight, dual-direction profits amid risk aversion sentiment

BlockBeats News, March 2 — According to Coinbob's popular address monitoring, a whale starting with 0x069 currently holds two positions: a 10x leveraged short on NASDAQ 100 (XYZ100) with a position size of $9.81 million at an average price of $25,020; and a 5x leveraged long on gold (GOLD) with a position size of $5.5 million at an average price of $4,861, totaling a position of $15.3 million.

On December 15, 2025, this whale initially positioned nearly $10 million in NASDAQ 100 shorts, likely betting on the overvaluation at the end of the U.S. interest rate hike cycle, which had previously experienced some unrealized losses.

More than two months later, on February 6, the first round of US-Iran talks in Muscat began. The address entered the market amid expectations of peace and a drop in gold prices below $4,900 per ounce. This move, about 20 days earlier than the subsequent escalation of tensions, was a strategic preemptive position.

On February 28, missiles struck. News of a joint US-Israel airstrike caused a surge in risk aversion in the market. Both positions took profits: the NASDAQ 100 short turned profitable, and the gold long temporarily increased unrealized gains to $500,000, with a return rate of 34%.

Currently, the position has shifted from a one-sided short in the stock market to a typical macro hedge strategy. However, if peace is restored, there is a high probability that the position will suffer losses on both sides.