Trader 'Loracle' Fingers Top Short AI New Star CBRS, Profits Nearly $2 Million, Partially Takes Profits

BlockBeats News, May 18th, according to Coinbob Popular Address Tracker, Hyperliquid's renowned trader "Loracle" once again made nearly $2 million in profit from shorting CBRS (Cerebras) during this round of top-sweeping. Currently, the position has been consistently taking profits since yesterday morning, with the position size decreasing from $11.3 million to $6.47 million. The unrealized gain is still $1.52 million (40%).

Reportedly, Cerebras (CBRS) is an AI newcomer once known as "NVIDIA's strongest challenger." After its listing and surge on Nasdaq last week, this trader entered a short position.

Prior to this, following Mizuho Securities' upward revision of the "buy" target price, the trader topped SNDK, opened an $8 million short position. Currently, this short position has also begun to take partial profits, with the position size reduced to $5.1 million, leaving an unrealized gain of $0.85 million (+57%).

As of the time of writing, the short positions in the two major US stock targets are still being gradually closed.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae