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BlockBeats News, May 11th - According to Arkham Monitor, renowned KOL "CBB" has just deposited $2 million into Hyperliquid to support his stock perpetual contract trading on the tradeXYZ platform. His largest position is shorting $20 million of Micron Technology (MU), and this position is currently at a loss of $3 million. Since the portfolio's all-time high 40 days ago, he has incurred a total loss of $14.49 million.

(1) The World Gold Council stated in its market commentary that gold appears technically vulnerable, although its long-term upward trend has not been broken. (2) The Council pointed out that, supported by a weaker US dollar and ETF inflows, gold closed flat in April; however, the Federal Reserve's policy environment has become less favorable for gold, as policy rate futures markets expect interest rates to remain high for a longer period. (3) With robust expectations for the coming year, the US stock market has also gained greater earnings resilience. (4) Central bank demand remains structurally robust, but “amid ongoing disruptions in the Strait of Hormuz, concerns over further official sector sales or swaps may remain a headwind.” (5) Therefore, the World Gold Council added that in the absence of new catalysts, this could still be a period of weakness for gold.

According to Odaily, Arkham monitoring shows that trader CBB has once again deposited 2 million US dollars into the tradeXYZ platform for perpetual stock contract trading. Currently, their largest position is a MU short position worth approximately 20 million US dollars, which currently has an unrealized loss of about 3 million US dollars. Data shows that since the portfolio peaked 40 days ago, CBB0FE has accumulated losses of 14.49 million US dollars.