Sky Mavis Goes Long on Gold with 20x Leverage and Simultaneously Closes Out a Short Position on the S&P 500
BlockBeats News, March 23rd, according to OnchainLens monitoring, as the spot gold price continues to fall, Sky Mavis co-founder Rune has opened a 20x leveraged long position on gold.
Meanwhile, he is in the process of closing his short position on the S&P 500 ($SP500) and still has TWAP orders in place to buy and sell into that position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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