NVIDIA shares rebound after earnings report; CBB cuts short position by half

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NVIDIA shares rebounded after the company reported a 73% year-over-year increase in revenue, surpassing expectations. The stock rose above $200, gaining over 4%, but later erased those gains. On-chain data from Hyperliquid shows that major traders held significant NVDA positions. CBB (X: Cbb0fe) reduced its short position by nearly half, from $10.5 million to $5.96 million. 0xRay (X: 0xRay518) holds the largest long position at $16.53 million, while Continue Capital (X: Continue_VC) holds $10.02 million in long contracts. On-chain analysis reveals shifting sentiment ahead of key market moves.

BlockBeats report, February 26: According to Coinbob Hot Address Monitoring, NVIDIA's earnings report this morning showed a 73% year-over-year revenue growth, exceeding expectations. Its stock price surged above $200 at 5 a.m. this morning, rising over 4%, before giving up all gains.


Ahead of the earnings report, several prominent on-chain traders on the Hyperliquid platform have established positions in NVDA (NVIDIA mapped contract). Addresses associated with CBB (X: Cbb0fe), 0xRay (X: 0xRay518), and Continue Capital previously held NVDA positions in the tens of millions, with current holdings as follows:


0xRay (X: 0xRay518), currently the largest long holder of NVDA on-chain, holds a $16.53 million long position with an average entry price of $190, realizing an unrealized profit of $406,000 and has not yet reduced the position;


CBB (X: Cbb0fe), which was the largest on-chain short on NVDA yesterday, significantly reduced its position today, lowering its short exposure from $10.5 million to $5.96 million at an average price of $188;


Continue Capital (X: Continue_VC) holds a long position at the associated address, with a position size of $10.02 million at an average price of $190, resulting in an unrealized profit of $250,000, and has not yet reduced the position.

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