🦈 A $22.5M SHORT ON $CXMT IS BLEEDING $170K DAILY — AND THE TIDE WON'T TURN 💣
The whale at 0xf292 loaded up a 1x short on 2.9M CXMT tokens, worth roughly $22.57M at entry. The position is now underwater by $3.67M in unrealized losses — and that's just the beginning. 📉
Funding costs have already carved out $3.4M from this trade's chest, with the meter running at approximately $170,000 per day. That's not a position, that's a slow-motion liquidity surrender. 🌊 Smart money is watching this bleeding candle closely — every passing day the short holder pays the carry, the long thesis gets stronger by default. 🔍
When a whale is this deep in negative carry, one of two things happens: they capitulate and add rocket fuel to the upside, or they double down and get squeezed harder. The market feeds on indecision. 💡 Do you think this whale holds the short or throws in the towel before the next funding settlement? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #CXMT #WhaleWatch #ShortSqueeze #Crypto #FundingFees
🎯 🦈
The whale at 0xf292 loaded up a 1x short on 2.9M CXMT tokens, worth roughly $22.57M at entry. The position is now underwater by $3.67M in unrealized losses — and that's just the beginning. 📉
Funding costs have already carved out $3.4M from this trade's chest, with the meter running at approximately $170,000 per day. That's not a position, that's a slow-motion liquidity surrender. 🌊 Smart money is watching this bleeding candle closely — every passing day the short holder pays the carry, the long thesis gets stronger by default. 🔍
When a whale is this deep in negative carry, one of two things happens: they capitulate and add rocket fuel to the upside, or they double down and get squeezed harder. The market feeds on indecision. 💡 Do you think this whale holds the short or throws in the towel before the next funding settlement? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #CXMT #WhaleWatch #ShortSqueeze #Crypto #FundingFees
🎯 🦈