A trader holding a short position in chain gold has faced partial liquidation due to rising spot gold prices. The trader's address, identified as 0xe06…, saw its position reduced from $1.46 million to $1.17 million, with a liquidation occurring at approximately $4,960. The average entry price for the position was $4,301, while the liquidation price was set at $5,012. The trader is currently experiencing a floating loss of about $158,000, equating to a 134% loss.The trader has maintained a short position in gold since December 5th of last year. With only 0.89% margin left before reaching the next liquidation threshold, the trader's position remains precarious amid the ongoing increase in gold prices.