According to Hyperinsight monitoring, the large whale previously active exclusively in BTC trading, 0x004e, has for the first time exited the crypto market today and shifted focus to ChangXin Technology (CXMT). Beginning at noon, this whale gradually established a short position in CXMT. As of publication, it holds 500,000 CXMT short contracts with 2x isolated leverage, valued at approximately $3.533 million, at an average entry price of $7.47. With CXMT now trading at $7.0669, this short position has generated an unrealized profit of approximately $204,900, representing a return of about 10.96%; the liquidation price is set at $13.58. The address has allocated approximately $3.599 million in margin to this isolated position and currently has no open pending orders. Market-wise, CXMT is currently trading at $7.06, up 15.7% over the past 24 hours. Converted at an exchange rate of 6.7939 CNY per USD, this equates to approximately CNY 48.01. Historical trade records show that over the past three months, this whale traded only BTC; this marks its first recent foray into stock contracts. It still maintains a 40x leveraged BTC short position worth $6.6 million.
Bitcoin-focused whale 0x004e enters CXMT with a $3.53M short position.
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Summary
Whale trading activity has drawn attention as Bitcoin-focused whale 0x004e entered the futures market, establishing a $3.53M short position in CXMT. The whale began placing short orders in batches at 12:00 PM, holding 500,000 CXMT contracts with 2x isolated margin and an average entry price of $7.47. As of the report, the position is floating at a profit of $204,900, representing a 10.96% return, with a liquidation price of $13.58. The whale has deposited $3.599M in margin and holds no open orders. Position trading remains active, as the whale also maintains a $6.6M BTC short position at 40x leverage.
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