[Jensen Huang's Strong Support Drives CRWV Up Nearly 8%, On-Chain Open Interest Plummets 70%—Key Catalyst Behind the Scenes] BlockBeats News, October 16: After Jensen Huang publicly expressed strong support for CoreWeave, the CRWV contract rebounded nearly 8%, while on-chain open interest (OI) plummeted by over 71%. Further investigation revealed that one of the key drivers behind this dramatic shift in positions might be a whale who previously profited over $29 million from NEAR. This account not only made significant adjustments to U.S. stock-related positions during the rebound but also reallocated over $100 million in exposure back into the crypto market. On the news front: NVIDIA CEO Jensen Huang addressed recent concerns about CoreWeave's financing, stating that the company's strength continues to grow, financing costs are decreasing, and there is no need for NVIDIA to provide financial guarantees. Previously, CoreWeave had faced ongoing market skepticism regarding its financial health due to high debt levels and pressure from AI infrastructure financing.