According to CoinMeta, based on Lookonchain data, the largest CXMT short address 0xf292 began to close its positions and stop losses after holding them for two months, resulting in a total loss of $10.91 million, which includes approximately $5.25 million in transaction fees. This address still holds 2.65 million CXMT, which is valued at around $22.5 million at current prices.