On the crypto platform Phantom, 88.7% of traders holding NVDA perpetual futures are long, betting on a rise in Nvidia’s stock price ahead of the chipmaker’s earnings report. This proportion has barely changed from the 89.3% recorded in late June, reflecting persistent and stable optimism among crypto-native traders. Phantom, initially known as a crypto wallet, has been offering perpetual futures on synthetic equities with up to 10x leverage since November 2025, settled in USDC. This setup carries significant risk: if earnings disappoint, leveraged positions could trigger automated liquidation cascades, amplifying price volatility. Traders on these platforms do not own real shares and only have access to price speculation without shareholder rights.
Source: Read the original article
