Address 0x4c78…d2444 increased its CXMT short position, with a reported position of approximately 4358000 USD
BIBIBI
AT A GLANCE
A Telegram channel stated that an address increased its 66,619.40 tokens CXMT short position, with current unrealized profit of 29.90%, but the data has not been independently verified.
Article
🐘 【Whale Shorting at Highs】CXMT Short position rolled over!
💵 Asset:CXMT Increased short position by 66,619.40 tokens, equivalent to approximately 416,579.89 USD✦ Position size: 4,358,092.98 USD✦ Average entry price: 6.99 USD → 6.92 USD✦ Current profit/loss: +425,838.70 USD (+29.90%)
✦ Current price: 6.30 USD✦ Liquidation price: 7.97 USD📌 Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444🔥 Note: Prefers to short various assets near their highs and is now SK Hynix's largest short seller; remains at an overall loss, with monthly losses of 6000000 USD。 🔥
Key points
01
The original post stated that the CXMT short position was increased by 66,619.40 tokens, equivalent to approximately 416,579.89 USD。
02
The position size listed in the original post is 4,358,092.98 USD。
03
The original post stated that the average entry price changed from 6.99 USD to 6.92 USD。
04
The post listed current profit/loss as +425,838.70 USD (+29.90%).
05
The current price listed in the original post is 6.30 USD, and the liquidation price is 7.97 USD。
06
The address provided in the original post is 0x4c78a97cef589b01bb91dbf893fffa14243d2444。
07
The original post stated that the address is now SK Hynix's largest short seller, remains at an overall loss, and has monthly losses of 6000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content claims that an on-chain address continued to increase its CXMT short position. Short positions typically profit when prices fall; based on the data listed in the original post, the position is currently showing unrealized profit, but it may face liquidation if the price rises near the liquidation price.
Why it matters to readers
Traders may view position increases by large addresses as bearish signals, but the position of a single address cannot represent the entire market or prove that it caused a price change.
Beginners should treat this as a position observation pending verification, rather than a basis for directly copying the trade; particular attention should be paid to distinguishing the current price, average entry price, unrealized profit/loss, and liquidation price.
Risks and unknowns
The information comes solely from the provided Telegram content and includes no independently verifiable on-chain transaction records.
The actual controller of the address or its “whale” identity cannot be confirmed from the original post alone.
“SK“Hynix's largest short seller” and “monthly losses of 6000000 USD” lack a stated statistical methodology or basis.
The original post does not specify the CXMT asset's specific contract rules, data update time, or calculation method.
Current profit/loss, price, position size, and liquidation price may change with market conditions.
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Related concepts
Short Position
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