An address placed a $2.3 million Changxin Memory Technologies buy order, which, if executed, would make it the largest long position on CXMT.

BlockBeats News, July 15th, according to Hyperinsight monitoring, as of 15:00, the CXMT price on Hyperliquid was $7.22, a decrease of approximately 12.7% from the high of $8.27; the 24-hour trading volume was about $25.7 million, with an open interest of about $19.53 million.

During this round of pullback, an address currently holding only about $155,000 worth of CXMT in a long position (0x0422) has placed three consecutive additional long orders below, at $7.03, $6.5, and $6.2 respectively.

The three orders total 357,993.5 tokens, with a nominal value of about $2.301 million. If the price continues to fall and all orders are triggered, the total holdings of this address will increase from the current level to 379,390.1 tokens, with a weighted average cost reduced to approximately $6.48; based on $6.20, the nominal size of the position would be about $2.352 million.

The overall on-chain CXMT position details are as follows:

Currently, the largest long position in CXMT is about $1.626 million, with an average price of $7.14 and a liquidation price of $4.61; this address also has 5,000 additional long orders at $7.10.

In terms of the overall on-chain position structure, among the current 834 positions with corresponding sizes, there are 544 long positions and 290 short positions, with a long/short ratio of about 1.88; there are a total of 32 positions with $100,000 or more, with a total size of about $12.391 million, and a long/short ratio of about 1.18. The average cost of the top long positions is about $7.54, which has now fallen into unrealized loss territory.

Furthermore, there is a concentration of long liquidation positions totaling about $953,000 between $6.79 and $6.83, held by two major long positions. If CXMT continues to decline, the price will first go through a round of dense long liquidation before reaching the $6.50 buy order at that address.

The most recent short liquidation positions are between $7.82 and $7.86, totaling about $445,000; there are also short liquidation positions totaling about $570,000 between $8.12 and $8.16.

Public order book data shows that some long positions began setting rebound take-profit orders as early as $7.88, while short positions started to re-enter at $7.90 and continued to add short positions at $8.20 and $8.50, with a total of about $246,000. A long take-profit realization and short addition line has formed near $7.90.

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