According to BlockBeats, on July 27th, Hyperinsight monitoring showed that the "IPO-predicted-half-drop" whale (0xf29) is currently shorting 2.6 million contracts of CXMT, with a position value of approximately $17.914 million and an average entry price of $6.40. Its unrealized loss is approximately $1.252 million, and including the accumulated funding fees of $281,000, the total book loss is approximately $1.533 million.
This whale uses 1x leverage, currently has a return of -7.52%, and a liquidation price of $17.75. It is still maintaining a so-called "investment" status of low leverage and long-term short holding.
This morning, before the official opening of Changxin Technology's A-shares, this whale created 300 "only reduce position" buy orders, planning to take profits in batches between $2 and $4.50. The total order volume was approximately 2.6 million units, almost covering all holdings. During the order creation period, the CXMT price was between $6.53 and $6.58.
According to Hyperliquid data, when the A-share market opened at 9:25, CXMT was trading at approximately $7.108; when continuous trading began at 9:30, the corresponding opening price for CXMT was $7.123.
The weighted average price of the aforementioned profit-taking orders was approximately $3.211, 54.9% lower than the opening price at 9:30. The highest profit-taking level was $4.50, 36.8% lower than the opening price, and the deepest level was $2, 71.9% lower. 64.2% of the profit-taking orders were placed below $3.561, meaning over 60% of the positions were waiting for CXMT to halve from its opening price before closing.
Whether CXMT will first surge and double, causing the top short seller to be liquidated, or first drop by half, allowing them to take profits and exit as planned, remains to be seen.