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CoinJie.com news: After AI chip company Cerebras (CBRS) released its first quarterly report since its IPO, its stock price has cumulatively fallen by about 22%, officially dropping below the IPO offering price. CBRS is currently trading at $184, down 7.7% over the past 24 hours. On-chain whales are overall bearish: the total amount of large short positions is approximately $11.62 million, which is 2.39 times the long positions. Two major short whale positions were precisely placed at high levels on the IPO’s first day and before the IPO—namely the 0xe0ff whale and the 0x9996 whale—with combined unrealized profit of about $5.88 million. The current average entry price for short whales on CBRS is about $275; the current price is already more than 30% lower than that. The most recent short liquidation line is at $200.13, about 7% away from the current price.