Lookonchain said Changxin Cunchu has entered its fifth trading day, with the price climbing above $8 and bulls holding the upper hand in the current tug-of-war between longs and shorts. The on-chain monitoring account highlighted two large positions on opposite sides of the trade. One whale is short 2.9 million tokens worth $23.54 million and is now sitting on a $4.67 million loss, while also having paid $1.42 million in funding fees. Another whale is long 1.63 million tokens worth $13.27 million, with an unrealized profit of $2.46 million and $823,000 received in funding fees. The data points to a sharp divergence in positioning as traders continue to test direction during the asset’s early trading period.
According to Lookonchain, Changxin Cunchu has entered its fifth trading day, with the price rising above $8 and bulls currently leading the battle between long and short positions.
One whale is short 2.9 million Changxin Cunchu tokens worth $23.54 million. The position is now down $4.67 million, and the trader has paid $1.42 million in funding fees.
Another whale is long 1.63 million tokens worth $13.27 million. That position is currently up $2.46 million, with $823,000 received in funding fees.
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