A certain whale began to stop losses after shorting Changxin Technology for two months, with losses estimated to reach $10.84 million.

BlockBeats news, September 24th, according to Ember monitoring, a certain whale started to stop losses after shorting ChangXin Technology (CXMT) for two months, and is expected to incur a loss of $10.84 million, of which funding fees amount to $5.24 million. This address shorted 2.9 million shares (about $18.85 million) at $6.5 per share on the day before ChangXin Technology's listing at the end of July. Currently, it has begun planning to close 2 million shares (about $17.04 million) of its short position through TWAP.