Cumulative losses of approximately $7.4 million, with this whale holding a $22.86 million long-term short position open for over half a month

According to Odaily, on-chain data from Ember monitoring shows that a whale opened a short position a day before CXMT's listing and has held it for about half a month without closing. The short position is currently valued at approximately $22.86 million, with an entry price of around $6.5.Since opening the position, this address has paid approximately $3.4 million in funding fees, while the short position is currently showing an unrealized loss of about $4 million, bringing total cumulative losses to approximately $7.4 million.Ember noted that even if CXMT's price were to fall back to the entry price of $6.5, the address would still bear the ongoing high funding fee costs incurred during the holding period.