CBRS fell more than 10% intraday on Hyperliquid on June 24 before a modest pre-market rebound, last reported at $200. According to BlockBeats On-chain Detection, the decline followed selling pressure tied to mixed first-quarter performance and a margin warning involving Cerebras, while short-term trading attention shifted toward profitability and margin risks despite ongoing market interest in its OpenAI and AWS cooperation narrative.
Large-position data on Hyperliquid showed a clear bearish tilt. Short positions totaled about $11.96 million versus roughly $2.62 million in long positions. The average entry price for major long holders was $258.8, leaving many large holders underwater.
The nearest liquidation level for shorts was reported at $218.2.
Among the two largest short-holding addresses, one address held about $6.39 million in CBRS shorts with an average entry price of $284.51 and a mark price near $194.26, showing an unrealized profit of about $2.97 million. Another address held about $5.56 million in shorts with an unrealized profit of about $2.39 million.
The addresses cited were 0xe0ffc829349c88c159462942ad885f12130e7610 and 0x99967871e6c4f9a5185abc57edede9e9540191f6.
CBRS Drops More Than 10% Intraday on Hyperliquid as Traders Focus on Margin and Profit Risks
2026-06-24 11:13:52
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