Balena Amplifies Silver Exposure with Significant Leverage

In January, a major whale active in the precious metals segment further intensified its accumulation strategy, significantly strengthening its positions in silver and gold contracts. According to data reported by BlockBeats, the large investor identified by the address 0x271 demonstrated a clear preference for digital precious metals, maintaining an overall portfolio valued at over $5.6 million.

The Aggressive Strategy: New Accumulation in SILVER Contracts

On January 20th, the whale opened a long leveraged position of 5x in SILVER contracts for an amount of 10,000 units, equivalent to approximately $940,000, with an average entry price set at $91.3. This move represents a doubling strategy in the silver segment, despite recent market volatility. The position currently shows an unrealized profit of about $26,000, equivalent to a 12% return.

It is interesting to note that this new accumulation comes after closing a previous position of 20,000 SILVER contracts, liquidated following a temporary price correction. That position generated a profit of approximately $194,000, highlighting the whale’s ability to manage market movements promptly.

The Diversified but Focused Portfolio on Precious Metals

Analysis of the whale’s complete portfolio reveals a decidedly concentrated strategy in the precious metals segment. The main allocations are structured as follows:

PAXG (On-chain gold): The dominant position in the portfolio, with a long exposure of about $3.05 million. The average entry was set at $4,429 per unit, and the current floating profit reaches approximately $170,000, representing a 58% return.

GOLD (Gold mapping contract): The second significant allocation, amounting to about $1.64 million, with an average price of $4,509. The unrealized profit is about $64,000, or a 30% return.

SILVER (Silver mapping contract): The position just described worth $940,000, which serves as a tactical complement to the overall gold strategy.

TSLA (Tesla mapping contract): A smaller allocation of $560,000, representing the only element of diversification outside the precious metals sector, currently in the red with a fluctuating loss of 31%.

Risk Management and Leverage Dynamics

Despite the aggressive strategy, the whale maintains sophisticated risk management through controlling the overall leverage, set at approximately 5.2x. The use of margin stands at around 80%, indicating a balance between profit opportunities and capital protection.

The current account balance amounts to about $1.435 million, with an overall investment return of 68.15%. Monthly profits reach approximately $380,000, highlighting the effectiveness of the whale’s accumulation strategy in the current digital precious metals market environment.

The whale’s operations reflect a structural confidence in precious metals as long-term assets, combined with tactical use of leverage to amplify returns during periods of consolidation or moderate market correction.