$XAU Stay bullish!

On-chain monitoring shows that a certain whale just aggressively went long on Hyperliquid with 25x leverage, buying 2,700 ounces of gold, with a position worth as much as $12.6 million, demonstrating firm confidence in a subsequent market explosion. Meanwhile, his unrealized profit from shorting crude oil has already exceeded $320k, but this is clearly just the appetizer; the main event is all in gold. Such a large amount of capital pouring in signals the clearest direction for our attack. I directly increased my position to $350k, going all-in on gold longs!

1. Geopolitical cracks cannot be blocked at all, and the risk aversion premium is about to surge again.
Although Trump announced over the weekend that the US-Iran agreement is "basically reached," Iran’s Supreme Leader Khamenei has already ordered a strict ban on exporting enriched uranium stockpiles abroad, and there are huge disagreements on core conditions like sanctions easing. Even if an agreement is reached, it will take at least over 30 days for the transition period from signing the memorandum to the Strait truly resuming 17 million barrels of daily traffic. More importantly, Trump is also in contact with Israel’s Prime Minister, while the Israeli military remains on high alert. As long as a sword hangs over this global energy artery—the Strait—the risk premium on gold cannot be reset to zero.

2. Global central banks and institutions are疯狂扫货, the bottom support is incredibly solid.
Data from the World Gold Council shows that in the first quarter of this year, global central banks net purchased 244 tons of gold, far exceeding the five-year average. China’s central bank has increased its gold holdings for 18 consecutive months, adding another 260k ounces in April, with the pace of gold buying accelerating. Meanwhile, total holdings in global gold ETFs have reached 4,137 tons, the third-highest level in history. Goldman Sachs reaffirmed its year-end gold price target of $5,400, believing that continuous central bank gold purchases will provide the most stable support at the bottom. Falling, but fundamentally unfallable.

3. US-Iran negotiations are a double-edged sword, and gold bulls have no reason to retreat.
The vague statement that the "agreement is basically reached" itself is highly flexible; if subsequent negotiations on details falter or Iran takes a hard stance on uranium stockpiles, gold prices could replicate last week’s single-day surge of 1.5% at any time. Currently, gold is oscillating near $4,570, with repeated dips below the $4,500 mark being strongly supported by buying, indicating extremely solid technical support. Gold is well below the early-year high of $5,327, with plenty of room above. The whale’s massive 25x leverage entry at this level shows they believe the market has not yet reached a true top.

The whale’s $12.6 million position draws a bullish roadmap for the market, with geopolitical tinderboxes, central bank gold buying waves, and continuous inflows into gold ETFs resonating together. Locking in the full position of $350k, waiting for gold to ignite this long-suppressed bullish sentiment!