Data: The largest long position short-selling whale on the chain has lost over 3 million dollars in funding costs, with a floating loss of 2.25 million dollars on short positions

According to Ai Yi's disclosure, the on-chain Changxin Storage TOP1 Air Force holds approximately $21.12 million in 1x leveraged CXMT short positions, with an entry price of around $6.5. The current price has risen to $7.28, resulting in an unrealized loss of about $2.255 million. Meanwhile, the total funding fees paid by this short position have reached $3.078 million.

This position previously invested over $40 million in margin, and there is still a significant gap to the liquidation price of $15.466. However, the continuously accumulating funding costs are eroding profits, and the market speculates that this trader may still be betting on a significant correction in CXMT's price to cover current losses and achieve profitability.