Cerebras' biggest bull clears position at a loss before earnings, missing subsequent 14% gain

BlockBeats news, November 13 - According to TradingBeats monitoring, the largest CBRS long whale 0x0871 liquidated all CBRS long positions in the early hours of today, before Cerebras announced its financial report, approximately $5.051 million, at an average selling price of $101.02, realizing a loss of about $418,000.

The subsequently released Cerebras financial report shows that the company's third-quarter core revenue increased 70% year-over-year to $230.9 million, and raised its full-year core revenue guidance to $940 million—$960 million. Cerebras official financial report

After the financial report was released, CBRS contracts strengthened immediately. As of press time, CBRS on Hyperliquid is at $115.23, up about 14.9% in the past 24 hours, about 14.1% higher than the whale's previous average selling price. The address has not yet re-established a CBRS position.

During the liquidation, the address simultaneously shifted funds to ZEC, opening a new long position of about $4.7 million at an average entry price of $939.92. It currently still holds the entire position, valued at about $4.669 million, with an unrealized loss of about $30,000.