According to CoinMeta, Changxin Storage currently has to pay a daily funding fee of about $1.34 million, and is expected to face the risk of margin call within two weeks. Currently, the price of Changxin Storage ( cxmt ) is $8.38, with a 24-hour increase of about 4.6%. In the past 24 hours, the trading volume of cxmt was approximately 1.016 million lots, with a trading amount of about $8.226 million. The current number of open contracts is about $68.93 million. Meanwhile, the hourly funding rate for cxmt has dropped to about -0.2299%, meaning that shorts are paying funding fees to longs. This large holder has gone short on about 2.901 million lots of cxmt at a ratio of 1:1, with a position value of about $24.317 million, accounting for about 35.3% of the total value of all open contracts. The average entry price was $6.50, and the current floating loss is about $5.448 million, with a liquidation price of $15.11. If the market remains flat for about two weeks, the liquidation price will gradually move down towards the current price, and ultimately, they may be liquidated due to the depletion of margin from funding fees.