NVIDIA intraday drops by 5.4%, trader CBB increases short position to $15.8 million during this process

BlockBeats News, February 27th, according to Coinbob Popular Address Monitoring, last night after the U.S. stock market opened, NVIDIA's stock price experienced a short-term plunge, with a decline of up to about 5%, hitting a low of $184 at one point, falling about 9.3% from yesterday's high.

During and after this process, CBB, a crypto trader who had been continuously shorting NVIDIA, continued to increase the position, with the NVDA short position size increasing from $5.9 million to over $15.8 million. As the stock price fell, this position has turned from a loss to a profit, with the current triple-leveraged short position showing an unrealized gain of about $310,000, with an average position price of $190.3.

Crypto KOL CBB (X: Cbb0fe) is a veteran trader and on-chain player with about 100,000 followers on the X social platform. He gained widespread attention due to the $2.5 billion BTC short whale hunting incident he publicly organized 25 years ago and is currently high-frequency trading commodities on Hyperliquid, mainly focusing on short positions.