On-chain Intel (INTC) Price Continues to Rise, Trader 'CBB' Increases INTC Short Position to $3.15 Million

BlockBeats News, April 27th, according to Hyperinsight monitoring, after Intel's 23.6% surge last Friday, the INTC contract price on Hyperliquid rose by about 3% this morning, briefly reaching $85 and currently trading at $84.7.

On-chain trader "CBB" (X: Cbb0fe) significantly increased his short position on INTC during the weekend, with the current position size at $3.15 million, an average price of $77.3, and an unrealized loss of $270,000 (-23.5%). He now holds the largest short position on INTC on Hyperliquid.

Furthermore, this address is currently short on over 20 U.S. stock targets with a size of approximately $27.8 million. Due to the recent continuous rise in U.S. stocks, the monthly funds have withdrawn $7.2 million.

Address: 0xd8d5b0f7219aed171efb5ae2ac3b9941206f7349