CXMT hits a new high, with the biggest short position facing over $10 million in unrealized losses CXMT surged over 12% today, reaching a peak of $9.00 and breaking the previous high of $8.64. The price continues to climb, but the largest short position at address 0xf292…1244 has yet to significantly reduce its holdings. This address is currently holding a 1x isolated short position of 2.901 million CXMT, valued at $25.896 million, accounting for approximately 35% of the market's open interest (OI). The entry price was just $6.505, and the unrealized loss has now expanded to $7.027 million, with a loss rate of 37.2%. The liquidation price is $15.06. Meanwhile, this whale has already paid $3.814 million in funding fees. Combining unrealized losses and funding fees, the total pressure on this position has reached a staggering $10.84 million. Although the funding rate has recovered to -0.1233%, shorts are still paying fees to longs. Based on the current position and rate, the estimated daily funding cost for this address is approximately $766,000, or about $5.36 million per week. So, this position is facing a double drain: - CXMT's price increase is amplifying directional losses; - Negative funding fees are continuously eroding the isolated margin. Direct link to the address: https://www.(aicoin.com)/zh-Hans/hyper-detail/0xf2925cb0779a741fe33037cbd88fca5382e41244 ChangXin Technology CXMT