Svmuu News: According to Hyperinsight data, as of 3:00 p.m., the CXMT price on Hyperliquid stood at $7.22, down approximately 12.7% from its intraday high of $8.27; 24-hour trading volume was approximately $25.7 million, with open interest at approximately $19.53 million.
During this pullback, an address (0x0422) currently holding only about $155,000 in CXMT long positions has placed three consecutive buy orders to increase its position at $7.03, $6.50, and $6.20, respectively.
The three orders total 357,993.5 shares, with a notional value of approximately $2.301 million. If the price continues to fall and triggers all pending orders, this address’s total position will increase from the current level to 379,390.1 units, and the weighted average cost will drop to approximately $6.48; based on a price of $6.20, the notional value of the position would be approximately $2.352 million.
The details of CXMT’s overall on-chain holdings are as follows:
Currently, the largest CXMT long position is approximately $1.626 million, with an average price of $7.14 and a liquidation price of $4.61; this address also has a buy order for 5,000 units at $7.10 to increase its position.
In terms of the overall on-chain position structure, among the current 834 positions of significant size, there are 544 long positions and 290 short positions, with a long-to-short ratio of approximately 1.88; There are 32 large positions of $100,000 or more, totaling approximately $12.391 million, with a large-position long-to-short ratio of about 1.18. The average cost of the top long positions is approximately $7.54, and they are currently in a floating loss zone.
Additionally, there is a concentration of approximately $953,000 in long liquidation positions between $6.79 and $6.83, held by two major long positions. If CXMT continues to decline, the price will first pass through a dense zone of long liquidations before reaching the $6.50 buy order at that address.
The nearest short liquidation zone above is between $7.82 and $7.86, totaling approximately $445,000; there is another short liquidation zone of about $570,000 between $8.12 and $8.16.
Open orders show that some long positions have set take-profit orders for a rebound as early as $7.88, while short positions have re-entered the market to add to their positions starting at $7.90 and continue to open short positions at $8.20 and $8.50, with a combined total of approximately $246,000 across these three levels. A line has formed near $7.90 where longs are taking profits and shorts are adding to their positions.