Hyperliquid ZHIPU and MiniMax large long positions remain in loss despite the price rebound.

HuoXing Finance reports that on October 27, according to TradingBeats monitoring, the Hyperliquid perpetual contract for ZHIPU is trading at $68.984, up approximately 10.88% over the past 24 hours; MiniMax is trading at $22.322, up approximately 3.88%. Despite the rebound in both contracts, ten large long positions collectively remain unrealized losses of approximately $1.1069 million, with losses primarily concentrated in ZHIPU. ZHIPU: Seven large long holders with single-asset positions exceeding $100,000 each hold a combined position of approximately $3.4928 million, with unrealized losses of about $1.01 million. The weighted average entry price based on position size is $88.93, approximately 28.9% higher than the current price. Among them, three long holders remain in unrealized loss, accounting for approximately 76.6% of these large positions. The largest long holder, 0xddb8, has not adjusted their ZHIPU position over the past 24 hours. As prices rebounded, their unrealized loss decreased from approximately $1.2579 million to $1.0593 million—a reduction of about $198,600—but the price still needs to rise approximately 52.3% from the current level to reach their entry price of $105.09. Another lower-cost long holder has turned from loss to profit. Address 0xfe7c held an equivalent position on October 22 with an unrealized loss of approximately $15,900; it has now turned into an unrealized profit of approximately $43,500. The rebound in ZHIPU is improving the profit/loss status of some lower-cost positions but has not yet reversed the overall unrealized loss among large long holders. MiniMax: Two large long holders in MiniMax hold a combined position of approximately $464,700, with unrealized losses of about $96,900. The weighted average entry price based on position size is approximately $26.98, about 20.9% higher than the current price. The largest long holder, 0xd33c, has an entry price of $30.76 and holds a position of approximately $264,500, still with an unrealized loss of about $100,000. This account has not adjusted its position over the past 24 hours; the rebound has reduced the unrealized loss by approximately $9,883, but the price still needs to rise approximately 37.8% from the current level to return to the entry price. Based on current position sizes and entry costs, $88.93 for ZHIPU and $26.98 for MiniMax represent the reference prices at which the overall unrealized P&L for these two groups of large long holders would turn positive.