A whale has been building a leveraged short position in ChangXin Memory Technologies, or CXMT, since yesterday, according to monitoring cited by Odaily. The position has reached roughly $18 million, with an average short entry around $6.4, equivalent to about 43 yuan. The address had already placed closing orders for the trade in a $2 to $4.5 range, or about 13 to 30 yuan, indicating the targeted exit zone for the short. CXMT’s pre-market contract price later climbed as high as $7, leaving the whale with an unrealized loss of about $1.4 million at the time of the report. The update was attributed to on-chain watcher Ember Monitor in Odaily’s newsflash.
A whale has continued to short ChangXin Memory Technologies (CXMT) since yesterday, with the position now standing at about $18 million, according to Ember Monitor data cited by Odaily.
The average entry price for the short was about $6.4, or roughly 43 yuan. The address had previously placed take-profit orders for the position in a $2 to $4.5 range, equivalent to about 13 to 30 yuan.
CXMT’s pre-market contract price later rose as high as $7, leaving the whale with an unrealized loss of around $1.4 million.
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