A whale shorted Changxin Technology with 40x leverage, planning to liquidate at 13 to 30 yuan

ME News: July 27 (UTC+8). According to Yu Jin monitoring, a certain whale has been continuously shorting ChangXin Technology (CXMT) since yesterday. The current short position size has reached about $18 million, and the average opening price is about $6.4 (about 43 yuan). The address previously placed closing limit orders for this short position, with a price range of $2 to $4.5 (about 13 to 30 yuan). The pre-market futures price of ChangXin Technology once rose to $7, causing the whale’s current unrealized loss to be about $1.4 million. (Source: ODAILY)
CXMT10.71%
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GateUser-f3f16a89
· 10h ago
I don’t believe it can rise to $10.
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