Held a short position for 2 months before closing: Changxin Storage's largest short seller lost $10.98 million

Odaily reports: According to monitoring by on-chain analyst Ember, the largest short seller who opened a short position one day before Changxin Storage (Changxin Storage) went public has fully closed the position 10 hours ago. The address shorted at a price of $6.5 and closed the position at $8.5 after holding for 2 months, with a cumulative loss of $10.98 million, of which $5.18 million was lost to funding fees and $5.8 million was lost to price changes.