On Aug. 27, BlockBeats cited monitoring data from Ember saying the largest short position opened in contracts one day before ChangXin Memory Technologies, or CXMT, went public was showing an unrealized loss of $10.82 million after the company’s A-share stock rose 5% on the day. The reported loss breaks down into two parts: $6.3 million tied to price movement and another $4.52 million paid in funding fees. The update focuses on the biggest identified bearish contract position on-chain and tracks how the move in CXMT shares has affected that trade. No other position details were disclosed in the source report.
BlockBeats reported on Aug. 27, citing monitoring by Ember, that the largest on-chain contract short opened one day before ChangXin Memory Technologies (CXMT) went public was showing an unrealized loss of $10.82 million after the company’s A-share stock climbed 5% on the day.
Of that amount, $6.3 million came from price movement, while another $4.52 million was attributed to funding fee expenses.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
