Changxin Memory’s “giant whale” placed a $8.32 million sell order, with the order size exceeding CXMT’s single-day trading value/turnover.

Deep Tide TechFlow news. On July 20, according to Hyperinsight monitoring, Hyperliquid’s CXMT mark price was $6.7274, down about 6.97% from the previous day. It dipped as low as $6.62, with 24-hour trading value of about $6.837 million. As CXMT fell back, the largest short whale starting with 0xf292 was still staying above and maintaining large-scale rebound-and-add limit orders.

Late yesterday afternoon, the address posted 100 non-reducing sell orders with a price range of $7.50 to $9.00, totaling about 1 million shares. The total order amount was about $8.3228 million, and the weighted average limit order price was about $8.32. The order size has already exceeded the total trading value of all CXMT trades over the past 24 hours. Of these, the lowest tier at $7.50 was about 11.5% higher than the current price, and the weighted average limit order price was about 23.7% higher than the current price.

As of the time of publication, the address is currently shorting 188,400 CXMT at 1x isolated margin, with a position value of about $1.2672 million. The average opening price is $6.8567, and the liquidation price is about $12.4847. The unrealized profit is about $24.4k, with a return rate of about 1.89%.

If all the sell orders above are fully filled, the short position will expand to about 1.1884 million CXMT, which is 6.3 times the current size. The combined average opening price is expected to rise to about $8.09, corresponding to an approximate notional size of $9.615 million.