Unrealized profit of approximately $204,900, Bitcoin whale diversifies into CXMT

The Odaily Planet Daily reports that according to monitoring by Hyperinsight, the whale address 0x004e, which had focused its trading on BTC for over three months, ventured outside the crypto market for the first time today, moving into CXMT.

The whale began opening short positions in CXMT in batches around noon. As of press time, it holds 500,000 CXMT short positions in isolated mode with 2x leverage, with a position value of approximately $3.533 million and an average entry price of $7.47.

As CXMT dropped back to $7.0669, the short position has generated an unrealized profit of approximately $204,900, yielding a return rate of about 10.96%. The liquidation price is $13.58. The address has allocated approximately $3.599 million in margin to this isolated position. There are currently no pending orders.

In terms of market performance, CXMT is currently trading at $7.06, maintaining a 24-hour gain of 15.7%. Converted at an exchange rate of 6.7939 yuan per dollar, this corresponds to approximately 48.01 yuan.

Historical trading records show that over the past three months, the whale only traded BTC. This move marks its first foray into stock contracts recently. The whale still holds a BTC short position with 40x leverage, valued at $6.6 million.