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Crypto

CXMT Whale Short Loses $11M Amid Price Surge to $9

Guavy AI Editorial Team
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CXMT has experienced a significant surge in price, pushing above $9. This sudden increase has put substantial pressure on a whale address shorting 2.9M CXMT ($26.13M notional), resulting in over $11M in total losses for the trader.

The position, tracked by Hypurrscan, highlights the risks associated with price prediction models during rapid market movements in perpetuals trading. The trade is now deep underwater after the latest leg higher, underscoring ongoing crypto volatility that can quickly erase leveraged shorts.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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