Social media post says CXMT short seller initiated a TWAP buy order to close the position

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If you're feeling stressed, take a look at CXMT's largest short seller 🥹

▶︎ Shorting from pre-market$6.5 to$9.16▶︎ Held the position for a full 2 months, paying 5240000 in funding fees ▶︎ Unrealized losses once reached as high as 11400000 USD Did they break even? No—they started cutting losses… Today, they finally initiated a 2000000-unit$CXMT TWAP buy order (approximately 17000000 USD), which, if fully filled, would close most of the position

Link 👉https://t.co/egQjQXeszp

Key points

The post states that the short seller shorted from pre-market 6.5 USD to 9.16 USD。
The post states that the short seller held the position for 2 months and paid funding fees of 5240000 USD。
The post states that unrealized losses once reached 11400000 USD。
The post states that the short seller initiated a 2000000-unit CXMT TWAP buy order, worth approximately 17000000 USD。
The post states that, if the buy order is fully filled, most of the position will be closed.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Short selling is a bet that the price will fall; if the price rises, short sellers may need to buy back the asset to reduce their positions. TWAP is a method of executing orders in batches over time. The post states that this buy order is intended to cover part of the short position, but does not say whether it has been fully filled.

Why it matters to readers

If the buy order continues to be filled, it could create buying pressure; however, the post provides no independently verifiable order or execution information.

This illustrates the risks that short sellers may face after prices rise, including losses, funding fees, and covering positions.

Risks and unknowns

The original text does not identify the short seller.
It cannot be confirmed from the original text whether the 2000000-unit CXMT buy order actually exists.
The actual fill progress of the buy order cannot be confirmed from the original text.
It cannot be confirmed whether the approximate 17000000 USD amount has been fully executed.
The above information comes from a social media post and has not been independently verified.

Social media post says CXMT short seller initiated a TWAP buy order to close the position

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AI-assisted interpretation

Why it matters to readers

Risks and unknowns

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