Open interest exceeds CXMT’s daily trading volume; a whale places an $8.32 million sell order for CXMT
Svmuu News: A whale shorted 188,400 CXMT contracts on Hyperliquid with a 1x leverage per-pool position, with a position value of approximately $1.2672 million and an average entry price of $6.8567. with a liquidation price of approximately $12.4847, a floating profit of about $24,400, and a return on investment of approximately 1.89%. Yesterday afternoon, the whale placed 100 sell orders that did not reduce the position, priced between $7.50 and $9.00, totaling approximately 1 million contracts, with an order value of approximately $8.3228 million and a weighted average order price of approximately $8.32. If all of these sell orders are executed, the trader’s short position will expand to approximately 1,188,400 contracts, and the weighted average entry price is expected to rise to approximately $8.09, corresponding to a notional value of approximately $9,615,000.
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Source:Odaily · Source Link
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