Order size exceeds CXMT’s daily trading volume; a whale places a sell order for 8.32 million USD worth of CXMT

Odaily Planet Daily News: A whale opened a 1x isolated short position on 188,400 CXMT on Hyperliquid, with a position value of approximately 1.2672 million USD. The average entry price was 6.8567 USD, and the liquidation price was approximately 12.4847 USD. The floating profit is about 24,400 USD, with a return rate of approximately 1.89%. Yesterday afternoon, the whale placed 100 non-reducing sell orders within a price range of 7.50 to 9.00 USD, totaling approximately 1 million CXMT, with an entrusted amount of about 8.3228 million USD and a weighted average order price of about 8.32 USD. If all the above sell orders are filled, the short position will expand to approximately 1.1884 million CXMT. The comprehensive average entry price is expected to rise to about 8.09 USD, corresponding to a notional size of approximately 9.615 million USD.