🚨 ChangXin Memory has surged above $9 again— the worst part isn’t the people who chased the price, but that short seller still stubbornly holding on!
According to the latest on-chain data, ChangXin Memory’s price has already broken through $9. A “giant whale” previously shorted about 2.9 million shares of ChangXin Memory; the current position is worth around $26.13 million, with cumulative losses already exceeding $11 million. Of that, about $3.82 million is funding fees, and another $7.26 million is unrealized losses.
This short position really is stuck in a “can’t retreat, can’t advance” situation now.
On one side, the price keeps climbing; on the other, they still have to pay funding costs every day.
📌 The biggest takeaway this has for the market can be summed up in one sentence:
Being wrong about direction isn’t scary—what’s scary is refusing to quit.
The most painful part of being short is right here: when the price rises, your losses keep expanding; if you’re also using leverage, time can even end up on the opponent’s side.
More importantly, ChangXin Technology’s own industry outlook isn’t weak either. The company previously got its STAR Market (科创板) IPO reviewed and approved by the上市委员会, planning to raise RMB 29.5 billion to upgrade its memory production lines and develop DRAM technology.
Earlier, reports also suggested that ChangXin Memory signed long-term memory supply agreements with major internet companies, indicating that attention to China’s domestic memory supply chain is continuously heating up.
🔥 So in this long-vs-short showdown, it’s no longer just a price game at its core.
The longs are betting on industry expectations and capital momentum; the shorts are betting on a price pullback.
Who wins in the end isn’t about who has the bigger position—it’s about who has stronger risk tolerance.
👀 The harshest thing about the market is this: the price won’t give you a special chance to get out just because you’re losing a lot.
Make money by getting the direction right, and make it sustainable by managing your position size.
Holding through volatility isn’t what makes you a pro—knowing when to admit you’re wrong is the real skill.$VIC $PORTAL $ONG #BICO #ALICE #DODO #GPS #TUT
According to the latest on-chain data, ChangXin Memory’s price has already broken through $9. A “giant whale” previously shorted about 2.9 million shares of ChangXin Memory; the current position is worth around $26.13 million, with cumulative losses already exceeding $11 million. Of that, about $3.82 million is funding fees, and another $7.26 million is unrealized losses.
This short position really is stuck in a “can’t retreat, can’t advance” situation now.
On one side, the price keeps climbing; on the other, they still have to pay funding costs every day.
📌 The biggest takeaway this has for the market can be summed up in one sentence:
Being wrong about direction isn’t scary—what’s scary is refusing to quit.
The most painful part of being short is right here: when the price rises, your losses keep expanding; if you’re also using leverage, time can even end up on the opponent’s side.
More importantly, ChangXin Technology’s own industry outlook isn’t weak either. The company previously got its STAR Market (科创板) IPO reviewed and approved by the上市委员会, planning to raise RMB 29.5 billion to upgrade its memory production lines and develop DRAM technology.
Earlier, reports also suggested that ChangXin Memory signed long-term memory supply agreements with major internet companies, indicating that attention to China’s domestic memory supply chain is continuously heating up.
🔥 So in this long-vs-short showdown, it’s no longer just a price game at its core.
The longs are betting on industry expectations and capital momentum; the shorts are betting on a price pullback.
Who wins in the end isn’t about who has the bigger position—it’s about who has stronger risk tolerance.
👀 The harshest thing about the market is this: the price won’t give you a special chance to get out just because you’re losing a lot.
Make money by getting the direction right, and make it sustainable by managing your position size.
Holding through volatility isn’t what makes you a pro—knowing when to admit you’re wrong is the real skill.$VIC $PORTAL $ONG #BICO #ALICE #DODO #GPS #TUT