Gold slides 2%; $1.53M on-chain long whale wiped out

ChainThink, March 19 — Hyperinsight data show spot gold briefly fell about 2%, dipping below $4,750 per ounce and triggering on-chain long liquidations. A major long whale address (0x21e) was liquidated twice over the past half hour, losing 318 gold tokens worth roughly $1.53 million, and has now fully closed the position. The second-largest on-chain gold long (0x773) is also approaching liquidation, with a $4.69 million position built at an average price of $5,214 and a liquidation level at $4,687.50. Unrealized losses stand near $420,000, a 228% drawdown, making it the closest to liquidation among addresses holding more than $1 million.