WTI crude oil bears—King Kai opens a short on gold; does this position look like a hedge or a bet on a recession?

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CryptoWorld News reports that the commodity trader "WTI Crude Oil TOP 1 Short" has opened a new GOLD short position of 919.56 units, with an opening price of $4,348.46, a current price of $4,345.69, and a current settlement price of $6,412.18. The position size is $3,996,138.41. This address holds $33 million in WTI crude oil short positions, prefers to open commodity-related positions, indirectly involved in US stock-related trading, with a monthly profit of $17 million.
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