Crypto Trader Aggressively Adds to NVDA Position
On February 25, data from Coinbob's popular address tracking showed that renowned crypto trader Ray (X: 0xRay518) further increased his 6x leveraged long NVDA (NVIDIA mapped contract) position over the past 24 hours.
The latest purchase amounted to approximately $2.02 million at an average price of $192.83, expanding his total position to $16.4 million. His average entry price rose slightly to $190.1. The current unrealized profit stands at around $290,000 (8.68%), with a liquidation price of $162.56.
Largest NVDA Long on Hyperliquid
This position was initially established on February 18 and has now become the largest NVDA long on the Hyperliquid platform. In tandem, the trader has fully exited his long position in MU (Micron) and now maintains only a single NVDA position in his account.
Historical Trading Insights
Earlier records indicate that 0xRay first opened a long NVDA position in November last year at an average price of $177, gradually rolling over his position and at one point enjoying significant unrealized gains. However, during a brief market correction, he opted to close the trade at break-even to manage risk.