With a Berlin keynote for Nvidia (NVDA) set for Oct. 21, an on-chain short linked to the chipmaker held a paper gain of about $86,600 when observed.
The account’s address begins 0x4e23. The open position was valued at about $12.61 million, with an average entry price of $218.078. The larger figure measures the position’s value; the smaller one is its paper gain at the time it was observed.
The gain had not been locked in because the short remained open. The trader benefits if the price tracked by the position falls; a rise works against the trade. Its profit can change while the position remains open.
Nvidia’s European investment commitment totals nearly $10 billion and includes plans to back four German startups. GTC Berlin spans Oct. 20-22. Nvidia CEO Jensen Huang’s Oct. 21 keynote is scheduled to begin at 5 a.m. ET (09:00 UTC) and end at 7 a.m. ET (11:00 UTC).
