Changxin Storage TOP 1 Short Seller Rate "Daily Rent Collection": Daily payment of $1.34 million, two weeks or risk of liquidation

CXMT rose again today, now at $8.38, with a 24-hour increase of 4.6%, only about 3% from the high of $8.64 set on July 15th. The synchronous trading is significantly amplified. CXMT has sold 1.016 million copies in the past 24 hours, with a turnover of 8.226 million US dollars, and the current open interest contract volume is 68.93 million US dollars. At the same time, CXMT's hourly funding rate has significantly decreased to about -0.2299%, meaning that short positions pay funding fees to long positions. If the argument value of simple external reasoning is: -Daily capital cost 5.52%; -Simplified annualized by 2014%. The maximum short position of CXMT starting with 0xf29 has not retreated. At present, it is short selling 2.901 million CXMTs at a rate of 1x per position, with a position value of 24.317 million US dollars, accounting for 35.3% of the total open contract value of CXMTs. The average warehouse building price of this giant whale is $6.50, with a current price loss of $5.448 million (-28.9%) and a liquidation price of $15.11. The cumulative cost of funds since its opening has reached 3.638 million US dollars; If combined with the current floating loss, the CXMT short order has suffered a loss of 9.086 million US dollars. Based on the current position and a static estimation of an hourly capital rate of -0.2299%, even if the CXMT price remains unchanged, the whale is expected to spend $1.342 million per day. If the sideways trend lasts for about two weeks, its liquidation price will gradually decrease from the current $15.11 to around the current price, and may ultimately be liquidated only due to the depletion of margin funds. Join the smart money community on the chain and receive more whale warnings: https://www.aicoin.com/link/chat?cid=N6OVMor5g Smart Money Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244