Changxin Technology faced “sell short at higher prices,” with 25 million high-position sell orders, and another ten million shorts set take-profit ranges in advance

On July 27, according to monitoring by Hyperinsight, after CXMT was listed, the largest sell orders on Hyperliquid came from an address starting with 0xdbO. This address currently has 98 CXMT sell orders posted, with prices covering the $7.32 to $23 range, totaling 1.43M units sold, with a nominal value of about $24.98M.
Data shows that this address currently holds 2,462.5 CXMT short positions; if the above sell orders are filled in sequence, it will further increase its short exposure. Meanwhile, another whale starting with 0xf29 is taking on a sizable unrealized loss: the address shorts 2.6 million CXMT using 1x leverage, with a position value of about $18.3M, an average entry price of $6.4083, and an unrealized loss of about $1.64M, with a liquidation price at $16.9078. However, the whale has set an exit plan ahead of time after a drop; it currently has 300 “take-profit” buy orders posted in the $2 to $4.5 range, planning to buy back all 2.6 million short units, with a nominal order value of about $8.35 million. If CXMT later pulls back, this area may become a spot for it to close positions in batches. -The HyperInsight Bot has been launched. #存储 #半导体 #股市