The biggest short position opened on ChangXin Storage the day before its listing has now been fully closed, according to on-chain analyst Ember. The position was unwound about 10 hours before the report was published.
The address opened the short at $6.5 and closed it at $8.5 after holding the trade for two months. Total losses reached $10.98 million. Of that amount, $5.18 million came from funding fees, while another $5.8 million was tied to price movement during the life of the position.
The update focuses on the largest bear position established ahead of the listing and tracks its full exit based on on-chain monitoring data cited by Odaily.
The largest short opened on ChangXin Storage the day before its listing has been fully closed, according to on-chain analyst Ember. The position was closed about 10 hours before the update was published.
The address opened the short at $6.5 and exited at $8.5 after holding the position for two months, booking a total loss of $10.98 million. That figure included $5.18 million in funding-fee losses and $5.8 million in losses from price movement.
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