Expectation of Fed Rate Hike Drives Gold Lower, Whale Liquidates $2.08 Million Long Position
BlockBeats News, June 8th, according to Hyperinsight Monitor, spot gold fell about 1% within half an hour, hitting a low of $4,268, continuing Friday's decline. Since last Friday's US employment data landed better than expected, the market's expectation of a Fed rate hike has increased, and gold has cumulatively fallen by about 4.5%.
A whale on Hyperliquid, with a large long position in GOLD, was liquidated twice in a row, with a scale of 489.2 contracts, worth approximately $2.08 million, resulting in a loss of about $112,000.
Address: 0x92772bb3c161c573717865e59de038821935376c
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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