Golden Shield Technology Faces "Short Selling on Rallies" with $25 million High Sell Order, Another Million-Dollar Short Position Preemptively Sets Up Take-Profit Range

BlockBeats News, July 27th, according to Hyperinsight monitoring, after CXMT was listed, the largest sell order on Hyperliquid came from an address starting with 0xdb0. This address currently has 98 CXMT sell orders ranging in price from $7.32 to $23, totaling 1.425 million tokens, with a nominal value of approximately $24.982 million.

Data shows that this address currently holds 2,462.5 short positions of CXMT. If the above sell orders are executed one after another, it will further increase the short position exposure.

At the same time, another whale address starting with 0xf29 is suffering from a significant unrealized loss: the address has shorted 2.6 million CXMT with 1x leverage, with a position value of approximately $18.304 million, an average entry price of $6.4083, a current unrealized loss of about $1.642 million, and a liquidation price of $16.9078.

However, the whale has preemptively set an exit plan after a pullback. Currently, they have placed 300 "take profit" buy orders in the $2 to $4.5 range, planning to buy back all 2.6 million short positions, with the total nominal value of the orders being around $8.35 million. If CXMT continues to decline, this range may become their phased liquidation position.

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