CXMT: Largest Short Closes with $10.91M Loss
CXMT short trader 0xf292 exits position after two months, booking $10.91M loss including $5.25M funding fees while retaining $22.5M short.
SourceAnalysis
0xf292 closed the bulk of the largest $CXMT short after holding it for two months, realizing a $10.91M loss that included roughly $5.25M in funding fees. The address still maintains a 2.65M $CXMT short valued at $22.5M. Traders tracking CXMT price prediction models now watch how this unwind affects order flow alongside Bitcoin moves.
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