A crypto whale who shorted Changxin Technology two months ago has begun implementing stop-loss measures, with estimated losses totaling $10.84 million.
58 minutes ago
According to YuEmber Monitoring, a whale started taking stop-loss on its short position in CXMT two months after opening it, with an estimated total loss of $10.84 million, including $5.24 million in funding fees. The address shorted 2.9 million shares of CXMT at $6.5 per share (valued at approximately $18.85 million) on the day before the chipmaker’s listing at the end of July. It has now begun planning to cover 2 million shares of its short position via the Time-Weighted Average Price (TWAP) method, worth around $17.04 million.
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