CXMT's largest short position before its listing has been fully closed, ultimately at a loss of 10980000 USD
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AT A GLANCE
According to Ember's monitoring,CXMT the largest short position before the listing was closed, ultimately at a loss of 10980000 USD。
Article
Largest short seller covering before CXMT's listing, ultimately at a loss 10980000 USD
PANews October 3 According to information monitored by Ember, before CXMT (CXMT)'s listing 1 the largest short seller who opened a short position 10 completed full closure of the short position hours ago. Its final loss was 10980000 USD, including funding fees of 5180000 USD and price losses of 5800000 USD This whale, before the listing, 1 days before the listing, opened a short position at 6.5 USD betting on a decline, but CXMT remained extremely resilient. After holding the position for 2 months, it ultimately capitulated and closed the position at 8.5 USD, realizing a loss of 10980000 USD。
The short position ultimately incurred a loss of 10980000 USD, of which funding fees accounted for 5180000 USD and price losses accounted for 5800000 USD。
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The short seller CXMT days before the listing of 1 opened a short position at 6.5 USD and ultimately closed the position at 8.5 USD.
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The short position was held for approximately 2 months.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This trade bet on CXMT a price decline, but the price moved from 6.5 USD to 8.5 USD, and the short seller ultimately incurred a loss; the loss consisted of funding fees and price losses.
Why it matters to readers
A large short position has been closed, and the related short exposure has exited; however, the original text does not state whether this represents the overall market trend.
Short selling is a bet on a price decline; closing a position means ending the position. If the price rises, the short seller may incur a loss.
Risks and unknowns
The original text states that the information came from Ember's monitoring, but provides no independently verifiable trading address or transaction link.
The original text does not clearly identify the specific entity referred to as the “largest short seller.”
The impact of this event on the overall CXMT market trend cannot be confirmed from the original text alone.
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Related concepts
Short Selling
A trader establishes a corresponding-direction contract position in anticipation of the underlying asset’s price falling.
