Before the earnings report, the big players have already “voted with their feet”! The $NVDA contract’s open interest has plummeted 37%—even the biggest short is still determined to press on and take the loss!
NVIDIA’s earnings report is out tonight, and the on-chain market already blew up first.
In the past 24 hours, NVDA contracts rose 1.4%, but open interest dropped straight from 156M to 97.9M—down 37%. Price up, open interest down: it suggests the old retail weeds are running, and new money doesn’t dare to enter.
What’s interesting is that million-dollar whales are actually adding positions. In the current sample, there are 9 longs versus 12 shorts—shorts exceed longs by 10.7M USD. The largest short address 0xd8c sold 12.8k contracts overnight at an average price of $212.63, using 5x leverage and going all-in short. It’s currently down about $64k, but is still holding on.
On the other side, the largest long address 0xbbf plans to take profit at $231.
Our take: This move by the big players is clearly bearish. For 20x leveraged addresses, the liquidation price is only 3.1% away from the current price—any small move tonight could trigger a blow-up.
Bitcoin just surged above 80k and then pulled back to 79k; the market itself is already digesting the gains through consolidation. If NVIDIA’s earnings miss, risk appetite in the crypto market will be directly hit; if it beats but guidance falls short of expectations, it’s still effectively “good news already priced in.”
What should retail traders do? If you’re using high leverage to bet on earnings, weigh that 3.1% distance yourself. If you want to bottom-fish, wait until tonight’s conference call is done—don’t rush to catch the falling knife.
Want to know how to trade after tonight’s earnings? Comment “1” in the section below, and I’ll watch the chart in real time and send you signals.
#OpenAI据报完成新一代Bel模型预训练 #英伟达
$BTC $ETH
NVIDIA’s earnings report is out tonight, and the on-chain market already blew up first.
In the past 24 hours, NVDA contracts rose 1.4%, but open interest dropped straight from 156M to 97.9M—down 37%. Price up, open interest down: it suggests the old retail weeds are running, and new money doesn’t dare to enter.
What’s interesting is that million-dollar whales are actually adding positions. In the current sample, there are 9 longs versus 12 shorts—shorts exceed longs by 10.7M USD. The largest short address 0xd8c sold 12.8k contracts overnight at an average price of $212.63, using 5x leverage and going all-in short. It’s currently down about $64k, but is still holding on.
On the other side, the largest long address 0xbbf plans to take profit at $231.
Our take: This move by the big players is clearly bearish. For 20x leveraged addresses, the liquidation price is only 3.1% away from the current price—any small move tonight could trigger a blow-up.
Bitcoin just surged above 80k and then pulled back to 79k; the market itself is already digesting the gains through consolidation. If NVIDIA’s earnings miss, risk appetite in the crypto market will be directly hit; if it beats but guidance falls short of expectations, it’s still effectively “good news already priced in.”
What should retail traders do? If you’re using high leverage to bet on earnings, weigh that 3.1% distance yourself. If you want to bottom-fish, wait until tonight’s conference call is done—don’t rush to catch the falling knife.
Want to know how to trade after tonight’s earnings? Comment “1” in the section below, and I’ll watch the chart in real time and send you signals.
#OpenAI据报完成新一代Bel模型预训练 #英伟达
$BTC $ETH
