CXMT Top Short Whale Faces $5.3M Combined Losses and Fees

Largest CXMT short holder posts $2.25M floating loss plus $3.08M in funding fees on $21M position, though liquidation risk remains distant.

Woofun AI data shows that the largest on-chain short position holder of CXMT, identified as Air Force, maintains a $21.12 million short portfolio with 1x leverage. The position, entered at approximately $6.50 per share, now faces a floating loss of $2.255 million as the price stands at $7.28.

Additionally, accumulated funding fees for these shorts have reached $3.078 million. Although the initial margin exceeds $40 million and the liquidation price remains high at $15.466, the continuous accrual of funding costs is depleting capital reserves.