Crypto influencer CBB has taken a significant long position in silver following a 15% intraday drop in its price, which hit a low of $66. CBB, known for his strategic trading moves, closed all previous short positions on xyz:SILVER and opened a leveraged long position, continuously adding to it. The total position now stands at approximately $15.65 million, with an average entry price of $70.9.
CBB has partially closed about $1 million of this position, realizing a floating profit of $290,000, equating to a 5% yield. With a following of around 100,000 on the X social platform, CBB is recognized for his past high-profile trading activities, including a notable BTC short squeeze. He is currently active on Hyperliquid, focusing primarily on commodity trades.
CBB Establishes $15.65M Silver Long Position Amid 15% Intraday Drop
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