Changxin Technology saw a short-term rally today, with all short-selling whales liquidated within 30 seconds of the market opening.

Changxin Technology opened at 52.20 yuan today, then quickly surged to 53.89 yuan, up 3.24% from its opening price. Meanwhile, CXMT contracts on Hyperliquid hit a high of $7.646, with a maximum increase of 6.10% within the first minute of trading; as of press time, CXMT has fallen back to $7.2962. According to Hyperinsight monitoring, just 34 seconds after the opening, a whale address starting with 0xf91 was subject to two consecutive forced liquidations, with a total of 246,900 CXMT short positions fully liquidated. The average liquidation price was approximately $7.52, with a total liquidation volume of around $1.858 million, resulting in a loss of about $95,400. The whale initiated a TWAP sell order lasting roughly 10 hours last night, planning to short 250,000 CXMT contracts. By around 9 a.m. today, the whale had almost completed building its short positions, with an average entry cost of roughly $7.138. The same address had gone long on 150,000 CXMT contracts the day before. After closing its long positions, it flipped to short following Changxin Technology's sharp rise on its third trading day, with only one night between switching to short and being liquidated.