CBRS Financial report sees a 18% plunge; two short sellers gain $3.65 million in just one hour
2026-08-13 10:54:08
According to CoinMeta, after Cerebras ( CBRS ) released its financial report this morning, the contract price plummeted by 18%. Although the financial data indicated positive results, CBRS had already risen from around $195 to $263, a gain of nearly 35%, suggesting that the positive news may have been factored into the price earlier on. Two hedge funds with tens of millions of dollars in positions did not reduce their holdings before the financial report, resulting in a total gain of about $3.646 million. Addresses starting with 0x999 held approximately $11.604 million in short positions, with a gain of about $1.983 million within one hour; addresses starting with 0xe0f held about $9.733 million in short positions, with a gain of about $1.663 million. No large-scale liquidations by major traders were observed, and there were 66 small-scale forced liquidations this morning, with a total settlement amount of about $389,000.
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Source:Internet
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