The largest $CXMT short, 0xf292, is finally giving up after holding the position for 2 months! He's now closing his $CXMT short to cut his losses, with a total loss of $10.91M, including ~$5.25M in funding fees. He still holds a 2.65M $CXMT ($22.5M) short. https://t.co/Em40QCc
Why now
Thesis: Short capitulation hints at squeeze potential
Catalyst to watch: Whether remaining short also closes
Main risk: One wallet's action, token identity unclear
Why it matters
Largest short capitulating at a loss signals crowded bearish positioning unwinding, a squeeze-supportive flow.
Details
The largest $CXMT short, 0xf292, is finally giving up after holding the position for 2 months! He's now closing his $CXMT short to cut his losses, with a total loss of $10.91M, including ~$5.25M in funding fees. He still holds a 2.65M $CXMT ($22.5M) short. https://t.co/Em40QCcix1
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- x · 2026-09-24 02:43 UTC