Trader Opens $12.61 Million Short Tied to Nvidia Before GTC Berlin
Photo: TokenPost
A large on-chain trader opened a short position worth about $12.61 million tied to Nvidia (NVDA) ahead of the company’s GTC Berlin keynote, placing a sizable bet against the chipmaker. The position was linked to an address beginning 0x4e23 and had an average entry price of $218.078. It showed about $86,600 in unrealized profit when observed. The trade remained open at that point, so the reported gain had not been locked in. A short position gains value when the asset it tracks falls and loses value when it rises.
Source: TokenPost
