Lookonchain said trader 0x517b was fully liquidated after a sudden surge in the price of CXMT. The wiped-out short position involved 272,505 CXMT and was valued at about $1.8 million. The liquidation left the trader with a loss of $249,000, according to the on-chain monitoring update cited by ChainCatcher. The move was tied directly to the sharp jump in CXMT, with no other details disclosed in the brief alert. The report focused on the size of the position, the identity tag of the trader, and the scale of the loss recorded after the short was closed out through liquidation.
ChainCatcher reported, citing Lookonchain, that trader 0x517b was fully liquidated after a sudden spike in the price of CXMT.
The liquidated short position involved 272,505 CXMT, worth about $1.8 million, and resulted in a loss of $249,000.
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