Spot Silver Plunges 15% Intraday, Crypto KOL CBB Establishes $16.6M Long Position to Buy the Dip in Silver

BlockBeats News, February 6th, according to Coinbob Popular Address Monitor, the intraday drop in spot silver reached 15%, with the low hitting $66. In this market environment, crypto KOL CBB quickly adjusted his position, closing all his original xyz:SILVER short positions and flipped to establish a long position on silver with 3x leverage, followed by continuous scaling in. Currently, he has partially closed about $1 million in long positions, with an average entry price of approximately $70.9, a total size of around $15.65 million, a current unrealized profit of about $290,000, and a return of approximately 5%.

Crypto KOL CBB (X:Cbb0fe) is a veteran trader and on-chain player with about 100,000 followers on the X social platform. He gained widespread attention for publicly orchestrating the hunting of a multi-billion-dollar BTC short whale 25 years ago and is currently engaging in high-frequency trading of commodities on Hyperliquid, mainly focusing on short positions.