Changxin Technology was hit by a 25 million high-priced sell order amid "shorting on the rise", with another short position worth tens of millions pre-setting a take-profit range.
2026.07.27 10:45:13
According to Hyperinsight monitoring, following CXMT’s listing, the largest sell order on Hyperliquid originated from the address starting with 0xdb0. This address currently has 98 CXMT sell orders placed, spanning a price range of $7.32 to $23, totaling 1.425 million units sold, with a notional value of approximately $24.982 million. Data shows this address currently holds 2,462.5 CXMT short positions; if the above sell orders are gradually filled, it will further expand its short exposure. Meanwhile, another whale address starting with 0xf29 is facing substantial unrealized losses: this address shorted 2.6 million CXMT units with 1x leverage, with a position value of approximately $18.304 million, an average entry price of $6.4083, current unrealized losses of around $1.642 million, and a liquidation price of $16.9078. However, this whale has pre-set an exit strategy for a price pullback, currently placing 300 "take-profit" buy orders in the $2 to $4.5 range, planning to repurchase all 2.6 million short positions, with a notional value of approximately $8.35 million. If CXMT pulls back later, this range may serve as its batch position-closing zone. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
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