BlockBeats News, July 24th, according to on-chain analyst Ai (@ai_9684xtpa), a trader has opened a short position of 1.23 million CXMT (approximately $7.88 million), with an average entry price of $6.615 (for a market cap of $3 trillion).

Furthermore, a 420,000 CXMT limit sell order opened at an average price of $6.4284 has only filled 34.39%. If fully executed, the short position's total value will rise to $9.65 million.