Changxin Technology is set to debut on China’s STAR Market on July 27, and positioning in its stock-linked contract on trade.xyz shows a clear split between bullish and bearish whales. The contract was quoted at $6.3588 as of July 26, while the annualized funding rate stood at 6.2%, a level described as close to neutral.
According to HyperInsight monitoring, the single largest position in the contract is a 1x short worth $14.68 million. The second- and third-largest addresses are both long, with positions valued at $6.96 million and $5.04 million, respectively. HyperInsight’s data also showed that the second-largest address kept adding to its long position during the day, with its most recent trade recorded three hours earlier.
The setup highlights a visible divergence in whale positioning just one day before the company’s listing, with the top holder leaning short while other large addresses continue to build long exposure.
Changxin Technology is scheduled to list on China’s STAR Market on July 27. On trade.xyz, the company’s stock contract was quoted at $6.3588 as of July 26, with the annualized funding rate at 6.2%, near neutral.
Data tracked by HyperInsight showed that the largest open position in the Changxin Technology stock contract is a 1x short worth $14.68 million. The second- and third-largest addresses are both long, holding positions valued at $6.96 million and $5.04 million.
Among them, the second-largest address continued adding to its long position on July 26. Its latest trade was recorded three hours earlier.
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