According to Ember Monitoring, a whale has been consistently shorting Changxin Technology, with the current short position size reaching $18 million at an average opening price of approximately $6.40 (about ¥43). The address has set its close-out order range between $2 and $4.50 (approximately ¥13 to ¥30). Pre-market contract prices for Changxin Technology have risen to $7, resulting in an unrealized loss of approximately $1.4 million for this whale.
Whale Loses $1.4M as ChangXin Tech Futures Surge to $7
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Summary
Whale activity in the ChangXin Tech market has attracted attention as a major short position incurs losses. A whale holding an $18 million short at $6.4 (approximately 43 CNY) now faces a floating loss of $1.4 million after pre-market futures surged to $7. Stop-loss orders are placed between $2 and $4.5 (approximately 13 to 30 CNY). Whale movements in this sector indicate aggressive positioning amid price volatility.
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