长鑫科技 faced a "short-selling attack at a high point" with a $25 million sell order, while another tens of millions short position pre-arranged a profit-taking zone.

July 27th, according to Hyperinsight monitoring, after the listing of CXMT, the largest sell order on Hyperliquid came from an address starting with 0xdb0. This address currently has 98 sell orders for CXMT, with prices ranging from $7.32 to $23, selling a total of 1.425 million tokens, with a nominal value of approximately $24.982 million.

The data shows that this address currently holds 2,462.5 short positions of CXMT. If the above sell orders are executed one after another, it will further increase the short position.

At the same time, another whale address starting with 0xf29 is experiencing a significant unrealized loss: the address has shorted 2.6 million CXMT with 1x leverage, with a position value of approximately $18.304 million, an average entry price of $6.4083, a current unrealized loss of about $1.642 million, and a liquidation price of $16.9078.

However, the whale has set up an exit plan in advance for a pullback, currently placing 300 "take profit" buy orders in the $2 to $4.5 range, planning to buy back all 2.6 million short positions, with the total nominal value of the orders approximately $8.35 million. If CXMT continues to decline, this range may become its phased closing position.

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