Spot gold pulled back in the short term, with a major bullish whale liquidated and forced out of the market for $1.53 million

MarsBitNews · 2026-03-19T07:38:35+00:00

On March 19, spot gold briefly declined 2%, dropping below $4,750/oz, causing a major whale long position to be liquidated for 318 BTC, resulting in a loss of approximately $1.53 million. Additionally, the second-largest long address has experienced unrealized losses of $420,000, facing liquidation risk.

MarsBitNews

2026-03-19 07:38:35

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Mars Finance News, March 19 — According to Hyperinsight monitoring, spot gold prices sharply dropped 2% in a short period, with the low point briefly falling below $4,750 per ounce, putting on-chain bulls at the forefront. A major bullish whale (0x21e) was liquidated twice within half an hour, totaling 318 ounces, equivalent to approximately $1.53 million, and has now completely exited the position. Additionally, the second-largest on-chain gold long position address (0x773) is also in a precarious situation. It currently holds $4.69 million worth of gold at an average price of $5,214, with a liquidation price set at $4,687.5. The unrealized loss has reached $420,000, a 228% loss, making it one of the closest to liquidation among addresses holding over a million dollars.

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