Changxin Short Whale Position Floating Loss Expands to $7.4 Million in Two Weeks, Funding Fees Have Already Consumed $3.4 Million

TechFlow news, August 12, according to monitoring by on-chain analyst Ember (@EmberCN), a whale established short positions worth $22.86 million at an average price of $6.5 (approximately 43.5 RMB) one day before the listing of CXMT, and planned to close positions in the $2~4.5 range. However, after CXMT's listing, the price remained strong, and the whale's position has been held for over half a month and still has not been closed. As of now, it has accumulated funding fees paid of $3.4 million, plus unrealized losses on short positions of approximately $4 million, with total losses reaching up to $7.4 million.