BTC Whale Short CXMT for $3.5M, Realizing $204.9k Profit on 10.96% Return

A BTC-focused whale opens first stock short in CXMT with $3.53M notional at 2x leverage. The position yields $204.9k profit as price drops, while maintaining $6.6M BTC shorts.

Woofun AI data shows that a wallet previously active only in BTC over the last three months has initiated short positions in Changxin Technology (CXMT). The address holds 500,000 CXMT units at 2x leverage, totaling approximately $3.533 million with an average entry of $7.47. As the price fell to $7.0669, the position generated roughly $204,900 in profit, representing a 10.96% return. The trader deposited about $3.599 million in margin, with a liquidation price set at $13.58 and no pending orders.

Meanwhile, the entity maintains $6.6 million in BTC short positions at 40x leverage.