The smart money that shorted BTC and earned $5.16 million during the LUNA/UST crash has spent $12.01 million to purchase 2,879 XAUt.
According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that the smart money, which earned $5.16 million by shorting BTC during the LUNA/UST crash, spent $12.01 million in the past 8 hours to purchase 2,879 XAUt (Tether Gold) at an average price of $4,168. XAUt is pegged 1:1 to physical gold and has risen 15% in the past month.
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