CBRS Plunges Nearly 10% Intraday, Two Major Shorts See Combined Profit of Over $5.36 Million

BlockBeats News, June 24th, according to Hyperinsight monitoring, as of the time of writing, the CBRS on Hyperliquid experienced a more than 10% intraday drop, with a slight pre-market rebound, currently trading at $200. On the news front, Cerebras faced selling pressure due to mixed results in the first quarter and a margin warning. Although the market is still focusing on its OpenAI/AWS partnership narrative, short-term trading sentiment has shifted towards profit risk.

There is a significant bearish bias in large positions on CBRS on Hyperliquid, with around $11.96 million in short positions and around $2.62 million in long positions. The average entry price for large long position holders is at $258.8, with most whales currently underwater. The latest short liquidation price is at $218.2.

Among the two addresses holding the largest short positions: 0xe0ff holds around $6.39 million in CBRS shorts, with an average entry price of $284.51 and the current mark price around $194.26, resulting in an unrealized gain of around $2.97 million; 0x9996 holds around $5.56 million in short positions, with an unrealized gain of around $2.39 million.

Address: 0xe0ffc829349c88c159462942ad885f12130e7610

Address: 0x99967871e6c4f9a5185abc57edede9e9540191f6