CXMT: Top Short Seller Closes at $10.84M Loss

CXMT largest short seller finally exits after two months of pain, closing via TWAP on 2M shares for an expected $10.84 million loss with $5.24 million paid in funding fees alone. The position opened at $6.5 on 2.9M shares worth $18.85 million right before the July listing, got trapped immediately and stayed underwater while bleeding high fees on the perp platform. CXMT price prediction models now face fresh scrutiny as this exit coincides with renewed crypto CFD trading interest and short selling strategy impact across global desks.