Changxin Tech Short Whale Loses $7.4M on 15-Day Position

A major trade.xyz short position on Changxin Technology has accumulated $7.4M in losses, comprising $3.4M in fees and $4M in unrealized losses, as the stock price remains stable.

Woofun AI data shows that the largest short position held by Changxin Technology on trade.xyz has remained open for half a month. Despite the duration of the bet, the underlying asset's price has stayed stable or increased, resulting in a current position value of $22.86 million.

The entity behind this position has incurred $3.4 million in funding fees and faces a $4 million paper loss, bringing total losses to $7.4 million.