A whale holding a short position of 2.6 million CXMT is now sitting on an unrealized loss of $1.7 million, according to monitoring data from Hyperinsight cited by BlockBeats on July 27. The short position is valued at roughly $18.36 million. Earlier information on the same position showed that the trader had already placed take-profit limit orders in a price range of $2 to $4.5. The liquidation price for the position stands at $16.91. The update offers a snapshot of a large leveraged bet that is currently underwater, with both the size of the position and its liquidation threshold clearly disclosed in the monitoring data.
On July 27, BlockBeats reported, citing Hyperinsight monitoring, that a whale holding a short position of 2.6 million CXMT, worth about $18.36 million, is currently facing an unrealized loss of $1.7 million.
Earlier information showed that the whale had placed take-profit limit orders in the $2 to $4.5 range. The position's liquidation price is $16.91.
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