Odaily Planet Daily reports, according to Hyperinsight monitoring, the "listed but halved" whale is currently shorting 2.6 million shares of ChangXin Technology, with a position value of approximately $17.914 million and an average entry price of $6.40. The unrealized loss amounts to about $1.252 million, and combined with the accumulated funding fees of $281,000, the total recorded loss is approximately $1.533 million.
This whale is using 1x leverage, with a current return of -7.52%, a liquidation price of $17.75, and remains in a low-leverage, long-term short position, often referred to as a "wealth management" strategy.
Earlier today, just before the official opening of Changxin Technology's A-shares, this whale placed 300 concentrated "sell-only" buy orders, aiming to take profits in batches within the $2 to $4.5 range, with a total order volume of approximately 2.6 million shares, covering nearly all of their holdings. During the order placement period, CXMT traded between $6.53 and $6.58.
Hyperliquid data shows that when the A-share opening price was formed at 9:25, CXMT was quoted at approximately $7.108; at 9:30, when continuous auction began, the corresponding opening price for CXMT was $7.123.
The weighted price of the above take-profit orders is approximately $3.211, 54.9% below the 9:30 opening price. Among these, the highest take-profit level at $4.50 is 36.8% below the opening price, while the deepest level at $2.00 is 71.9% below; 64.2% of the take-profit orders are placed below $3.561, meaning over 60% of the position is waiting to close only after CXMT drops by more than half from its listing opening price.