CXMT’s largest long position adds on dips, with the size already reaching $10.4 million

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Deep Tide TechFlow news. On July 28, according to Hyperinsight monitoring, a whale starting with 0x9a8 continued to add to its position in CXMT this morning. Within about one and a half hours, it bought 112k shares through 222 trades, with a transaction value of about $721k. The weighted average buy price was $6.44.

The address is currently going long on CXMT with a 5x cross-by-cross position size of 1.5722 million shares, with a position value of about $10.408 million. Its average holding price is $6.6168. CXMT is currently trading at $6.6203, and the position is basically at breakeven, with a liquidation price of $0.7374.

In addition to the portion already executed, the address still has 8 additional-buy orders placed at $5.89 to $6.28. It plans to continue buying 120k shares, with the pending order amount at about $730k. Since this whale first opened its long position on July 15, it has cumulatively bought 1.5722 million shares, and no position reduction has occurred during the period.

CXMT-2.17%
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