Hyperliquid whale trims largest CXMT short, down $10.91M
- —Total whale loss reached $10.91M, with $5.25M from funding fees
- —Short entry was at $6.505 versus a current price of $8.5003
- —Remaining position is 2.65M CXMT units worth about $22.5M
- —The position was trimmed, not fully closed or liquidated
Why it matters: Trimming the largest CXMT short may ease downward pressure on the price and signals a shift in sentiment among large Hyperliquid traders.
Source: Koin Bülteni