CBRS dropped nearly 10% intraday, with two major short sellers notching combined unrealized gains of over $5.36 million.

According to Hyperinsight monitoring, as of press time, CBRS on Hyperliquid saw an intraday plunge of over 10% at one point, with a slight pre-market rebound, currently trading at $200. On the news front, Cerebras faced selling pressure earlier due to mixed Q1 results and a margin warning. While the market still eyes its OpenAI/AWS partnership narrative, short-term trading focus has shifted to margin risk. Large CBRS positions on Hyperliquid are heavily bearish: short positions total ~$11.96 million, long positions ~$2.62 million. The moving average entry price for large long-position holders is $258.8, leaving most whales trapped. The latest liquidation line for shorts stands at $218.2. Among the two addresses holding the largest short positions: 0xe0ff holds ~$6.39 million in CBRS short positions with an average entry price of 284.51, current mark price ~194.26, unrealized profit of ~$2.97 million; 0x9996 holds ~$5.56 million in short positions, with unrealized profit of ~$2.39 million. Addresses: 0xe0ffc829349c88c159462942ad885f12130e7610, 0x99967871e6c4f9a5185abc57edede9e9540191f6