Odaily Planet Daily reports, according to Hyperinsight monitoring, ZHIPU on Hyperliquid rebounded to $149.52 today, up 31.1% from its low to its high, and was trading at $146.71 as of press time.
Zhipu previously completed the issuance of 19.78 million new H-shares on July 13; after Moonshot AI released its open-source Kimi K3 model with 2.8 trillion parameters on July 17, Zhipu’s stock price fell approximately 50% from its post-H-share issuance level, but has since recovered part of those losses today.
During this rally, a certain address took a contrarian short position this morning, initiating short sales on ZHIPU as it rebounded approximately 12% from its low, gradually adding to the short position from $127.5 to $143.2. The address currently holds a 5x isolated short position in ZHIPU, with a position value of approximately $198,700, a liquidation price of about $163.83, an unrealized loss of around $14,100, and a return on investment loss of approximately 38.1%, nearing 40% of the initial margin.
In addition to the trader with the largest loss, seven new ZHIPU positions established during the recent 2- to 3-hour rebound, each exceeding $50,000 in size, were all short positions, totaling approximately $953,200 in open interest and currently carrying a combined unrealized loss of about $70,800. Among long positions above $100,000, the average entry price is approximately $149.66, just 2% above the current price. The primary locked-in pressure currently lies with the largest long position near $159.41, while the cost bases of the other four longs have already been surpassed by the current price.