Anthropic's new contract retail traders lean bullish, ANT longs reach 6 times shorts

October 27 — Anthropic has officially filed its IPO registration documents with the U.S. Securities and Exchange Commission, planning to list on Nasdaq under the ticker symbol "ANT." The market estimates its valuation could reach $1.5 trillion to $2 trillion, though the final offering price and valuation have not yet been determined. On the same day, Trade.xyz launched pre-IPO perpetual contracts for ANT, allowing traders to bet early on Anthropic's future per-share price.

ANT Contracts: Long Addresses Cluster, Lacking Large Holders

After Trade.xyz's ANT contract launched last night, the price once fell to $109.05 and is now at $114.06, corresponding to an implied valuation of approximately $1.93 trillion. That is about 17.35% below the opening price of $138 on the first hourly candle, but about 2.17% higher than the midnight level today.

Since launch, the contract's trading volume has been about $11.8575 million, with current open interest notional value at about $4.2859 million. So far, 817 long addresses and 136 short addresses have been recorded, and no single address position reaching $1 million has been found; most participants are retail traders or small-capital players.

ANTH Contracts: Incremental Capital Mainly Short

Large positions are concentrated in Entropy's ANTH contract. The contract is currently quoted at 1881.6, corresponding to an implied company valuation of approximately $1.88 trillion, down about 2.02% from midnight yesterday; over the same period, open interest notional value reached $51.7353 million, an increase of about 7.82%.

Among the market's 8 million-dollar-level position addresses, 2 long positions total about $16.5869 million, while 6 short positions total about $18.0922 million. The scale of existing long and short positions remains relatively close, but the balance of new positions leans toward shorts.

Among them, the largest short position (0xecc8) increased sharply from 1,321.35 contracts to 4,280.887 contracts, adding net short exposure of about $5.5687 million. The position is currently worth about $8.0549 million, with an average price of $1,953.633 and unrealized profit of about $308,400.

By contrast, the largest long position (0x9a80) added a small amount of 45.372 contracts (about $85,400). Its long position is currently worth about $13.7492 million, with an average price of $1,987 and unrealized loss of about $770,800; another million-dollar-level long is also sitting on an unrealized loss of about $384,700.