A whale was liquidated just 28 minutes after opening a short position in Changxin Memory Storage (CXMT) contracts, according to BlockBeats, citing on-chain analyst Ai Yi (@ai_9684xtpa). The position involved $220,000, with the trader losing $44,000 before the liquidation. The update adds to earlier market chatter around CXMT positioning. In a prior report, an address with more than $75 million in account assets was said to be building a long position. Together, the two observations point to sharply diverging bets around the contract in a short time window, with the short side quickly failing.
A whale was liquidated 28 minutes after shorting Changxin Memory Storage (CXMT) contracts, according to a July 15 BlockBeats report citing on-chain analyst Ai Yi (@ai_9684xtpa). The trader lost $44,000 on a $220,000 position.
Earlier reports said an address with more than $75 million in account assets was building a long position.
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