Changxin Storage's largest short position begins to close, with an expected loss of $10.84 million

Changxin Storage's maximum short address 0xf292... 1244 shorted 2.9 million shares at a price of $6.5 at the end of July, valued at $18.85 million. During this period, it paid $5.24 million in funding fees. Currently, it is closing 2 million shares worth $17.04 million through TWAP time-sharing commission, with an expected loss of $10.84 million.