NVIDIA's Pre-Earnings Report Long Position Drops by 37%, Largest Bull Places "First Target Price" at $231

BlockBeats News, August 26, according to TradingBeats (formerly Hyperinsight) monitoring, before NVIDIA's financial report was released, the NVDA contract on Hyperliquid is currently priced at $213.72, up by about 1.4% in the past 24 hours; however, the open interest value has decreased from about $156 million to $97.904 million during the same period, a decrease of about $57.971 million, down by 37.2%.

The funding rate remains positive. The current hourly funding rate for NVDA is approximately +0.0625%, with a 24-hour cumulative rate of about +2.07%, an increase of about 29.2% compared to the previous 24 hours.

However, amidst a significant reduction in overall market exposure, million-dollar level addresses have further tilted towards the short side. In the current sample, there are a total of 9 long positions and 12 short positions, with long positions totaling about $22.623 million and short positions about $33.331 million, with shorts exceeding longs by about $10.708 million.

Among them, the largest short position, 0xd8c, sold approximately 12,800 NVDA contracts from last night to this morning, with a new short position transaction volume of about $2.722 million, at an average price of around $212.63, marking the largest directional position adjustment in the past 24 hours.

This address is currently shorting 26,600 NVDA contracts with 5x leverage, with a position value of about $5.685 million, becoming the largest short position in the sample; at an average price of $211.33, with an unrealized loss of about $64,000, there are currently no publicly visible take-profit or stop-loss orders.

On the other side, the largest long position, 0xbbf, holds about $4.489 million in NVDA long positions, with an average price of $202.57, planning to take profit on 90.5% of the position between $231.33 and $244.44.

The nearest high-leverage risk to the current price comes from 0xfe61. This address holds about $2.136 million in NVDA long positions with 20x leverage, with a liquidation price of about $207.15, only about 3.1% away from the current price.

NVIDIA will hold its Q2 FY2027 earnings call early tomorrow morning Beijing time. LSEG's summary expectations indicate that quarterly revenue may be close to $92.18 billion, with the market also awaiting Rubin chip progress and next quarter's revenue guidance.