CBRS Address Closed $5.05 Million Long; Perpetuals Later Rose 14.9% in 24 Hours

Wallet 0x0871 closed a CBRS long worth about $5.05 million for a realized loss before Cerebras released earnings, while CBRS perpetuals logged a 14.9% 24-hour gain in a later snapshot.

The address sold at an average price of $101.02, realizing a loss of about $418,000. Cerebras' third-quarter core revenue was $230.9 million, 70% above the same quarter a year earlier, and the company raised its full-year core revenue outlook to $940 million to $960 million.

In a post-earnings snapshot, CBRS perpetuals on Hyperliquid stood at $115.23, about 14.1% higher than 0x0871's average sale price. The wallet had not opened another CBRS long by that point.

The address also opened a Zcash (ZEC) long worth about $4.7 million, at an average entry price of $939.92. The full ZEC position remained open in the snapshot, valued at about $4.669 million with an unrealized loss of roughly $30,000.