Spot silver drops up to 15% intraday, crypto KOL CBB establishes a 16.6 million long position to buy the dip in silver

BlockBeats News, February 6 — According to Coinbob's popular address monitoring, spot silver prices dropped by 15% intraday, with the low touching $66. In this market condition, crypto KOL CBB quickly adjusted their positions, closing all their original xyz:SILVER short positions and reversing to establish silver long positions with 3x leverage, then continued to add to their position. Currently, they have closed about $1 million of their longs, with an average entry price of approximately $70.9. The total position size is about $15.65 million, with an unrealized profit of approximately $290,000 and a return of about 5%.

Crypto KOL CBB (X: Cbb0fe), a veteran trader and on-chain player, has around 100,000 followers on X social platform. They gained widespread attention for publicly organizing a hunt for a BTC whale with billions in short positions in 2025. Currently, they engage in high-frequency trading of commodities on Hyperliquid, mainly taking short positions.