BlockBeats reported on July 15, citing Hyperinsight, that CXMT on Hyperliquid was trading at $7.22 as of 15:00, about 12.7% below its recent high of $8.27. Over the past 24 hours, trading volume was დაახლოებით $25.7 million, while open interest stood at about $19.53 million.
During the current pullback, an address identified as 0x0422, which currently holds only about $155,000 in CXMT long exposure, placed three buy orders below the market at $7.03, $6.50, and $6.20. The three orders total 357,993.5 contracts, with combined notional value of about $2.301 million.
If the market falls far enough to fill all of them, the address’s total position would rise to 379,390.1 contracts, and its weighted average entry price would fall to about $6.48. Calculated at $6.20, the notional size of that position would reach about $2.352 million. The current largest CXMT long is about $1.626 million in size, with an average price of $7.14 and a liquidation price of $4.61. The same address also has another 5,000-contract buy order resting at $7.10. If the lower bids are fully executed, 0x0422 would become the largest CXMT long holder.
Positioning and liquidation clusters
Hyperinsight’s on-chain position breakdown shows 834 positions of relevant size, including 544 longs and 290 shorts, for a long-to-short count ratio of about 1.88. There are 32 large positions above $100,000, with combined size of about $12.391 million. Among large traders, the short-to-long ratio is about 1.18.
The average cost basis for top long positions is around $7.54, leaving those positions underwater at current levels. A long liquidation cluster worth about $953,000 sits between $6.79 and $6.83, tied to two major long holders. If CXMT moves lower, price would pass through that concentrated long liquidation zone before reaching the address’s $6.50 buy order.
On the upside, the nearest short liquidation area sits between $7.82 and $7.86, with size of about $445,000. Another short liquidation cluster of about $570,000 is located between $8.12 and $8.16.
Public order placement
Public order data shows some longs started setting rebound take-profit orders from $7.88. Shorts, meanwhile, began placing fresh add-on orders from $7.90 and continued to add offers at $8.20 and $8.50. Those three short entries total about $246,000. Around $7.90, the market has formed a zone where long profit-taking and short re-entry overlap.
The post also noted that HyperInsight Bot is now live. After adding @HyperInsightBot to a Telegram group and granting administrator status with message permissions enabled, users can sync on-chain information automatically.