25 million high-level sell orders were placed on CXMT, with another 10 million in short positions setting up take-profit zones in advance.
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25 million high-level sell orders were placed on CXMT, with another 10 million in short positions setting up take-profit zones in advance.
According to Hyperinsight monitoring, following the listing of CXMT, the largest sell order on Hyperliquid originated from an address starting with 0xdb0. This address has currently placed 98 CXMT sell orders, with prices ranging from $7.32 to $23, totaling 1.425 million contracts sold, with a notional value of approximately $24.982 million. Data shows that this address currently holds 2,462.5 CXMT short contracts. If the aforementioned sell orders are executed sequentially, it will further increase its short exposure. Meanwhile, another whale with an address starting with 0xf29 is bearing significant unrealized losses: this address is shorting 2.6 million CXMT contracts with 1x leverage, with a position value of approximately $18.304 million, an average entry price of $6.4083, current unrealized losses of approximately $1.642 million, and a liquidation price of $16.9078. However, this whale has set up an exit plan in advance for a pullback, currently placing 300 "take-profit" buy orders in the $2 to $4.5 range, planning to buy back all 2.6 million short contracts, with a notional order value of approximately $8.35 million. If CXMT corrects subsequently, this area may become its position for closing positions in batches.
Navigating Web3 tides with focused insightsTechFlow reports, 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, covering a price range of $7.32 to $23, totaling 1.425 million contracts for sale, with a notional value of approximately $24.982 million.
Data shows that this address currently holds 2,462.5 CXMT short contracts; if the aforementioned sell orders are executed sequentially, it will further increase its short exposure.
Meanwhile, another whale with an address starting with 0xf29 is bearing significant unrealized losses: this address is shorting 2.6 million CXMT contracts with 1x leverage, with a position value of approximately $18.304 million, at an average entry price of $6.4083, currently facing an unrealized loss of approximately $1.642 million, and a liquidation price of $16.9078.
However, this whale has set up an exit plan in advance for a pullback, currently placing 300 'take-profit' buy orders in the $2 to $4.5 range, planning to buy back all 2.6 million short contracts, with a notional value of approximately $8.35 million. If CXMT corrects subsequently, this area may become its position for closing positions in batches.
