ChangXin Technology TOP 1 Short Seller "Predicts Halving Upon Listing", Now Down $1.5 Million and Still Waiting to Break Even
7x24h News
ChangXin Technology TOP 1 Short Seller "Predicts Halving Upon Listing", Now Down $1.5 Million and Still Waiting to Break Even
According to Hyperinsight monitoring data, the "Listings First See Halving" whale is currently short 2.6 million CXMT contracts, with a position value of approximately $17.914 million and an average entry price of $6.40. Its unrealized loss is approximately $1.252 million, and together with cumulative funding fees paid of $281,000, the total book loss amounts to approximately $1.533 million. The whale is using 1x leverage, with a current return rate of -7.52% and a liquidation price of $17.75, still maintaining a so-called "wealth management" state of low leverage and long-term short holding. This morning, before the official opening of Changxin Technology A-shares, the whale concentrated on creating 300 "reduce-only" buy orders, planning to take profits in batches within the $2 to $4.5 range. The total order volume is approximately 2.6 million contracts, covering almost the entire position. During the order creation period, CXMT price was between $6.53 and $6.58. Hyperliquid data shows that when the A-share 9:25 opening price was formed, CXMT was quoted at approximately $7.108; when entering continuous auction at 9:30, CXMT corresponding opening price was $7.123. The weighted price of the above take-profit orders is approximately $3.211, 54.9% lower than the 9:30 opening price. Among them, the $4.5 highest take-profit tier is 36.8% lower than the opening price, and the $2 deepest tier is 71.9% lower; 64.2% of the take-profit orders are placed below $3.561, i.e., exceeding
Navigating Web3 tides with focused insightsTechFlow news, July 27, according to Hyperinsight monitoring, the "Halve Before Listing" whale is currently shorting 2.6 million CXMT contracts, with a position value of approximately $17.914 million and an average entry price of $6.40. Its unrealized loss is approximately $1.252 million, along with cumulative funding fees paid of $281,000, resulting in a total book loss of approximately $1.533 million.
The whale uses 1x leverage, with a current return rate of -7.52% and a liquidation price of $17.75, still maintaining a so-called "wealth management" state of low leverage and long-term short holding.
This morning, before the official opening of Changxin Technology A-shares, the whale created 300 "reduce-only" buy orders in a concentrated manner, planning to take profits in batches within the $2 to $4.5 range, with a total order volume of approximately 2.6 million contracts, covering almost the entire position. During order creation, CXMT price was between $6.53 and $6.58.
Hyperliquid data shows that when the A-share 9:25 opening price was formed, CXMT quoted approximately $7.108; when entering continuous auction at 9:30, CXMT corresponding opening price was $7.123.
The weighted price of the above take-profit orders is approximately $3.211, 54.9% lower than the 9:30 opening price. Among them, the $4.5 highest take-profit tier is 36.8% lower than the opening price, and the $2 deepest tier is 71.9% lower; 64.2% of take-profit orders are placed below $3.561, meaning over 60% of the position waits for CXMT to halve compared to the listing opening price before closing positions.
