ChainThink report, March 19: According to Hyperinsight monitoring, spot gold experienced a sudden 2% drop, briefly plunging below $4,750 per ounce, with on-chain long positions hit hardest. A major long-position whale (0x21e) has been subjected to two consecutive large-scale liquidations within the past half hour, totaling 318 units liquidated, equivalent to approximately $1.53 million, and has now fully exited the market.

Additionally, the second-largest on-chain gold long position holder (0x773) is also in critical danger, currently holding $4.69 million at an average entry price of $5,214, with a liquidation threshold set at $4,687.5. The unrealized loss has reached $420,000, representing a loss rate of 228%, making it the closest-to-liquidation position among all holdings exceeding one million dollars.