Changxin Technology experienced a short-term surge today, with a large short seller being liquidated within the first 30 seconds of the market opening.

BlockBeats News, July 30, today Changxin Technology opened at 52.20 yuan, then quickly rose to 53.89 yuan, an increase of 3.24% from the opening price. Meanwhile, on Hyperliquid, the CXMT contract surged to a high of $7.646, with a maximum gain of 6.10% within the first minute of trading. At the time of writing, CXMT has fallen back to $7.2962.

According to Hyperinsight monitoring, only 34 seconds after opening, a whale address starting with 0xf91 experienced two rounds of forced liquidation consecutively. A total of 246,900 CXMT short positions were liquidated, with a liquidation price of approximately $7.52, a total liquidation size of about $1.858 million, resulting in a loss of about $95,400.

The whale had initiated a TWAP sell order lasting about 10 hours the previous night, planning to short 250,000 CXMT. As of around 9 a.m. today, its short positions were basically established, with an average cost of around $7.138.

The address had previously taken a long position of 150,000 CXMT a day before. After closing the long position, on the third trading day of Changxin Technology's listing after a sharp rise, it quickly switched from long to short, leading to liquidation overnight.