Changxin Technology moved above $8 in its fifth trading day, with long positions holding the upper hand in the current battle between bulls and bears, according to monitoring data from Lookonchain. One whale is short 2.9 million tokens, a position valued at $23.54 million, and is now sitting on a $4.67 million loss. That trader has also paid $1.42 million in funding fees. On the other side of the market, another whale is long 1.63 million tokens, with a position valued at $13.27 million. The long position is currently up $2.46 million and has collected $823,000 in funding fees. The data offers a snapshot of how sharply the two large positions have diverged as the token trades above the $8 mark.
Changxin Technology has climbed above $8 on its fifth trading day, with longs currently leading the tug-of-war between bulls and bears, according to Lookonchain.
One whale is short 2.9 million Changxin Technology tokens, a position valued at $23.54 million. The address is currently down $4.67 million and has paid $1.42 million in funding fees.
Another whale is long 1.63 million tokens, with the position valued at $13.27 million. That trader is now up $2.46 million and has received $823,000 in funding fees.
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