Position size reaches $10.4 million, CXMT's largest long adds to position during dip

Odaily Odaily reports that, according to Hyperinsight monitoring, the whale address starting with 0x9a8 continued to add to its CXMT position early this morning. Over approximately one and a half hours, it bought 112,000 units through 222 trades, with a transaction value of about $721,000 and a weighted average purchase price of $6.44.

The address currently holds a 5x isolated long position of 1,572,200 CXMT units, with a position value of approximately $10.408 million and an average entry price of $6.6168. CXMT is currently trading at $6.6203, placing the position roughly at breakeven, with a liquidation price at $0.7374.

In addition to the executed portion, the address still has 8 pending buy orders ranging from $5.89 to $6.28, planning to purchase another 120,000 units, with a total order value of about $730,000. Since first opening a long position on July 15th, this whale has accumulated purchases of 1,572,200 units without any position reduction during the period.