Huo Xing Finance reports that on August 4, according to Lookonchain monitoring, the CXMT bearish whale address 0xf292 has now paid over $2.04 million in funding fees. As the CXMT price continues to rise, this whale’s short position currently holds an unrealized loss of approximately $4.3 million, with a liquidation price at $15.8. Market data shows that this address had been consistently shorting CXMT, but has continuously incurred funding costs as the price increased, now facing significant position pressure.
CXMT short whale pays over $2.04M in funding fees, faces $4.3M floating loss
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Summary
A CXMT short whale with address 0xf292 has paid over $2.04 million in funding fees. As CXMT’s price rises, the whale now faces a $4.3 million unrealized loss, with a liquidation price at $15.8. Whale activity reveals this address has been aggressively shorting CXMT, but rising prices have increased funding costs and position pressure. Market data underscores the growing impact of funding rates on leveraged positions.
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