This CXMT short is getting seriously painful😬, The whale behind 0xf292 is still holding a massive 1x short on $CXMT , and the losses are growing up.
Current position: Short: 2,900,640.7 CXMT, Position value: $21.11M
, Entry price: $6.505, Unrealized loss: $2.24M (-11.9%), Liquidation price: $15.465, Funding paid till now: over $3.08M .
So between the $2.24M unrealized loss and more than $3M in funding, this short has already cost the whale over $5.3M. And the crazy part? They're still holding. With
#CXMT continuing to trade above the entry price, it really looks like this trader is betting on a major pullback to rescue the position. But until that happens, the funding bill isn't exactly getting any cheaper.
Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244