Nvidia traders show 88.7% long positions ahead of earnings on Phantom

If you wanted a snapshot of how bullish crypto-native traders feel about Nvidia right now, Phantom just handed you one. A staggering 88.7% of traders holding NVDA positions on the platform are long heading into the chipmaker’s upcoming earnings report. What Phantom’s data actually tells us Phantom, best known as a crypto wallet, has expanded into a full-fledged trading terminal that lets users trade perpetual futures on synthetic equity contracts. The NVDA-USD pair is one of its most active markets, and it settles entirely in USDC. Nobody on Phantom owns actual Nvidia shares. They’re trading price exposure with up to 10x leverage, a feature the platform has offered since November 2025. The 88.7% long ratio isn’t a one-off data point, either. Back in late June, Phantom reported that 89.3% of NVDA traders were long. So in roughly two months, the sentiment needle has moved by less than a percentage point. Traders on this platform are consistently, almost stubbornly, bullish on Nvidia. Why crypto traders are betting on a chip company Powered by Hyperliquid’s infrastructure, the platform provides continuous market access and real-time trading, meaning users can trade NVDA around the clo...