ME News reports that, as of July 27 (UTC+8), according to Ember Monitoring, a whale has been continuously shorting CXMT since yesterday, with the current short position size reaching approximately $18 million at an average opening price of about $6.40 (around ¥43). This address previously set take-profit orders for this short position within the price range of $2 to $4.50 (approximately ¥13 to ¥30). Prior to market open, CXMT’s contract price rose to $7, resulting in a current unrealized loss of approximately $1.4 million for the whale. (Source: ODAILY)
Whale shorting ChangXin Tech at 40x leverage aims to close position at $2–$4.50
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Summary
Whale activity in ChangXin Tech (CXMT) has attracted attention as a major short position of $18 million was opened at $6.40. The whale’s movement reveals a stop-loss set between $2 and $4.50. Pre-market futures briefly reached $7, resulting in a $1.4 million floating loss. (Source: ODAILY)
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