Two giant whales on Hyperliquid are in a long-short confrontation over CXMT, with the short position showing an unrealized loss of $1.9 million.

PA first-hand news, according to Lookonchain monitoring, two whales on Hyperliquid are engaged in a long-short game around CXMT. Address 0xf292 holds a short position of 2.8 million CXMT, worth about $20 million, currently with an unrealized loss of about $1.9 million, and has paid about $1.04 million in funding fees; address 0x9a80 holds a long position of 1.63 million CXMT, worth about $11.66 million, currently with an unrealized profit of about $853,000, and has received about $606,000 in funding fees.