Whale opens 40x leveraged short on Changxin Memory Technologies, plans to close position when price drops to 13-30 yuan

According to monitoring by Yu Jin, a whale has been shorting Changxin Memory Technologies (CXMT) since yesterday, with the current short position size reaching approximately $18 million, and the average opening price around $6.4 (approximately 43 yuan).

This address has previously set pending orders to close the short position, with a price range of $2 to $4.5 (approximately 13 to 30 yuan). The pre-market contract price of Changxin Memory Technologies once rose to $7, resulting in an unrealized loss of approximately $1.4 million for this whale.