Data: A certain whale holds a short position of 22.86 million USD in Changxin Technology that has not been closed for half a month, with a cumulative loss of about 7.4 million USD

According to on-chain analyst Yu Jin's monitoring, a certain whale established a short position the day before Changxin Technology (CXMT) went public, and has held the position for about half a month without closing it. Currently, the scale of the short position is approximately 22.86 million USD, with an opening price of about 6.5 USD.

During the holding period, this address has paid approximately 3.4 million USD in funding fees, while the unrealized loss on the short position is about 4 million USD, resulting in a total loss of approximately 7.4 million USD.

Yu Jin stated that even if the price of Changxin falls back to its opening price of 6.5 USD, this address will still have to bear the high funding fee costs incurred during the holding period.