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Trader Loracle Takes $2M Profit on CBRS Short Position, Reduces Exposure After Nasdaq Listing Rally

2026-05-18 05:29:31

CBRS7.45%

According to BlockBeats, on May 18, trader Loracle closed portions of his short position on CBRS (Cerebras) with profits near $2 million. The position size decreased from $11.3 million to $6.47 million overnight, with remaining unrealized gains of $1.52 million, representing 40% profit on the remaining open interest. Loracle entered the short trade following Cerebras' Nasdaq debut and subsequent rally last week.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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