Changxin Technology Funding Rate Drops to -0.21%/hr as Single Short Holds 30% OI

CXMT funding rate plunges to -0.21%/hr with 76.5% increase in negative magnitude. One address holds 30% of total open interest, creating significant concentration risk despite broad long dominance.

Woofun AI data shows Changxin Technology (CXMT) trades at $7.73, up 4.15% in 24 hours, while the hourly funding rate fell to -0.2139%, a 76.5% increase in absolute negative value from the previous hour's -0.1212%. This extreme rate implies a $21.4 hourly cost for a $10,000 short position. The marked price trades at a 3.70% discount to the $8.02 oracle price. Total open interest stands at $76.03 million, nearly five times the $15.22 million daily volume. While retail longs outnumber shorts 1.3:1, large holders show a 0.94:1 position-size ratio, with shorts exceeding longs by 6.5%. Both sides face losses relative to entry prices of $6.92 (longs) and $6.53 (shorts). A single address starting with 0xf29 holds $22.4 million in 1x leveraged shorts, representing 30% of platform open interest. This entity faces $3.52 million in unrealized losses and has paid $1.72 million in funding fees, with a liquidation price near $15.9.