Trader Closes Oracle Position with Significant Loss

On January 21, a trader known as the 'largest long position holder in on-chain gold' closed their xyz:ORCL position, incurring a loss of $199,000. According to BlockBeats, this transaction occurred 11 hours prior to the report. The trader continues to maintain a leveraged long position on PAX Gold (PAXG) with a 5x leverage. Additionally, they are heavily leveraged in a basket of on-chain U.S. stock tokens, including Apple, Intel, Micron Technology, AMD, and Palantir.