Changxin Tech Derivatives Show $14.7M Short vs Long Whale Accumulation

Ahead of Changxin Technology's STAR Market IPO, on-chain data reveals a $14.68M low-leverage short by the top holder, while a secondary whale actively accumulates long positions.

Woofun AI reports that Changxin Technology is scheduled for listing on the China Science and Technology Innovation Board tomorrow. On trade.xyz, the stock's contract price stands at $6.3588 with an annualized funding rate of 6.2%, indicating neutral sentiment.

The largest position in Changxin Technology stock contracts holds a value of $14.68 million with a 1x short exposure. The second and third largest positions are long bets valued at $6.96 million and $5.04 million, respectively. The second largest address has been consistently increasing its long position today, with the last transaction recorded 3 hours ago.