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CXMT’s largest long positions added on dips, with the scale already reaching $10.4 million

MeNews
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ME News, July 28 (UTC+8). According to Hyperinsight monitoring, the whale address starting with 0x9a8 continued to add to its position of CXMT this morning. Within about one and a half hours, it bought 112,000 units of CXMT through 222 trades, with a transaction value of about $721,000 and a weighted average buy price of $6.44. The address is currently going long with 5x per-lot leverage on 1.5722 million units of CXMT, with a position value of about $10.408 million and an average holding price of $6.6168. CXMT is currently trading at $6.6203; the position is essentially at breakeven, with a liquidation price of $0.7374. In addition to the already executed portion, the address still has 8 add-on buy orders placed between $5.89 and $6.28, planning to continue buying 120,000 units, with an order value of about $730,000. Since the whale first opened the long position on July 15, it has bought a total of 1.5722 million units, during which no reduction in the position has occurred. (Source: BlockBeats)
CXMT2.54%
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