The whale address increased its CXMT short position, with a position size of approximately 3940000 USD
BIBIBI
AT A GLANCE
The channel stated that an address increased its position by 61,941.80 tokens CXMT short, with a position size of approximately 3940000 USD。
Article
🐘 [Whale Shorting at Highs]CXMT Short position rolled over!
💵 Asset:CXMT Increased short position by 61,941.80 tokens, equivalent to approximately 427,101.99 USD✦ Position size: 3,941,513.09 USD✦ Average entry price: 7.08 USD → 6.99 USD✦ Current P&L: +426,835.82 USD (+23.97%)
✦ Current price: 6.31 USD✦ Liquidation price: 8.72 USD📌 Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444🔥 Note: Prefers to short the tops of various assets and is currently SK Hylis's largest short; it remains at an overall loss, with monthly losses of 6000000 USD。 🔥
Key points
01
The original post stated that the CXMT short position increased by 61,941.80 tokens, equivalent to approximately 427,101.99 USD。
02
The position size listed in the original post was 3,941,513.09 USD。
03
The original post stated that the average entry price changed from 7.08 USD to 6.99 USD, and the current price was 6.31 USD。
04
The current P&L listed in the original post was +426,835.82 USD（+23.97%), and the liquidation price was 8.72 USD。
05
The address provided in the original post was 0x4c78a97cef589b01bb91dbf893fffa14243d2444。
06
The original post also stated that the address was SK Hylis's largest short, remained at an overall loss, and had monthly losses of 6000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Increased short position” means that the address expanded a position betting on a price decline; “average entry price” is the position's average opening price; and “liquidation price” is the price at which the position may be forcibly closed due to insufficient margin. The information shown here concerns one address's position and does not mean that the CXMT price will necessarily decline.
Why it matters to readers
Position size, average entry price, current price, and liquidation price can help assess this short position's risk exposure; if the price approaches 8.72 USD, the liquidation risk for the position listed in the original post will draw greater attention.
Beginners can view this as an update on a single address's bearish position, rather than investment advice or conclusive evidence of market direction.
Risks and unknowns
The information comes from a Telegram channel; the original post did not include independently verifiable on-chain transactions or position records.
The identity of this address and whether it is a “whale” cannot be confirmed from the original post alone.
It cannot be verified from the original post alone that it is SK Hylis's largest short, is overall unprofitable, or has monthly losses of 6000000 USD.
A single address increasing its short position cannot prove that the CXMT price will decline afterward.
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Related concepts
Short Position
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