Address Becomes Largest Changxin Storage Short with $21.12M Position, Floating Loss $2.255M

According to on-chain analyst Ai Yi, a certain address has become the largest short seller of Changxin Storage. The address holds $21.12 million worth of 1x short positions with an entry price of $6.5. The current market price stands at $7.28, leaving the position with a floating loss of $2.255 million. Additionally, the address has already paid $3.078 million in funding fees. The margin collateral for this address exceeds $40 million, and its liquidation price is set at $15.466. The data comes from on-chain monitoring and was reported by Odaily. This is the latest development for Changxin Storage, which appears to have attracted a significant bearish bet. The position size and funding costs highlight the activity of large traders in the market. However, the current price move has not yet triggered liquidation, as the margin buffer remains substantial. Investors tracking on-chain metrics may find this information relevant.