A contract address holding the largest position in Changxin Technology has continued to add to its short, according to monitoring data cited by BlockBeats on July 27. Ember said the position has now reached $17.26 million, with an average short entry price of $6.4, equivalent to about 43 yuan. The same address has also placed closing orders for the short between $2 and $4.5, or roughly 13 yuan to 30 yuan. The update points to a larger bearish position and a clearly defined take-profit range, based on the latest monitored order activity.
On July 27, BlockBeats reported, citing monitoring by Ember, that the address holding the largest contract position in Changxin Technology kept adding to its short.
The position has now reached $17.26 million. Ember said the average short entry price stands at $6.4, or about 43 yuan. Just moments earlier, the trader had placed closing orders for the short between $2 and $4.5, equivalent to roughly 13 yuan to 30 yuan.
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