Data: A newly established wallet closed most of the 3.8 million USD CXMT short positions and made a profit of 197,800 USD

According to monitoring by Hyperliquid News, a new wallet previously held a short position in CXMT worth 3.8 million dollars, and has now reduced its position to 44,168 CXMT, approximately 300,000 dollars, closing most trades and making a profit of 197,800 dollars.

Its current largest position is a long position worth 3.25 million dollars, with an unrealized loss of 123,000 dollars. The wallet's first on-chain transaction date was June 5, and it has deposited 30 million dollars into HyperCore, with multiple buy orders placed below the current price to accumulate more CXMT.