TechFlow reports, July 16, according to on-chain analysis platform Lookonchain (@lookonchain), a newly created wallet address deposited 10 million USDC into Hyperliquid and subsequently established a short position on CXMT. The specific positions are as follows:
- Opened position: 1x short 514,357 CXMT, worth approximately $3.8 million
- Pending add-on orders: Limit short order 490,000 CXMT (approximately $4.17 million), trigger price range set between $8 and $9
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