CXMT Short Trader Exits Position with $10.91M Loss

CXMT is a cryptocurrency that has been in the spotlight for some time now. Recently, one of its largest short traders, 0xf292, closed their position after two months of holding it. This decision resulted in a significant loss of $10.91M, including $5.25M in funding fees.

The trader still maintains a substantial short position in CXMT, valued at $22.5M, which is equivalent to 2.65 million tokens. Analysts are now monitoring how this unwind affects order flow alongside Bitcoin movements.