PANews, July 27: According to Hyperinsight monitoring, after CXMT’s listing, the largest sell order on Hyperliquid originated from an address starting with 0xdb0. This address currently has 98 CXMT sell orders placed, ranging in price from $7.32 to $23, totaling 1.425 million CXMT tokens, with a notional value of approximately $24.982 million. The address currently holds 2,462.5 CXMT short positions; if the aforementioned sell orders are gradually filled, its short exposure will further increase.
The largest sell order for CXMT reached $24.98 million, as Hyperliquid's short exposure increased.
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Summary
On-chain analytics for crypto highlight a significant sell order for CXMT on Hyperliquid, with an address starting with 0xdb0 placing 98 sell orders totaling 1.425 million units, worth $24.982 million. The address currently holds 2,462.5 short positions, and the execution of these orders would increase its short exposure. On-chain trading signals indicate a price range of $7.32 to $23, reflecting strong bearish positioning.
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