Unrealized loss of $367,000: Zhipu's largest long position holder adds 409.1 contracts to a 10x isolated long position

Odaily Planet Daily News: According to monitoring by HyperInsight, Zhipu ZHIPU fell before the Hong Kong stock market opened, dropping to a low of $120.7 within about an hour, a decline of approximately 17%, with losses extending during the Hong Kong trading session. On the news front, Zhipu completed a placement of 19.78 million new H-shares on July 13; on July 17, Kimi released the 2.8 trillion parameter open-source model Kimi K3, causing Zhipu's Hong Kong stock to fall 28.49% that day. As of press time, no new company-level negative surprises have been seen today.

A whale with the largest long position in Zhipu currently holds a 10x isolated long on 7,300 contracts, with a position value of approximately $905,000. The average entry price is $174.2, and the liquidation price is around $78.3, with an unrealized loss of about $367,000. In terms of return rate, this translates to a loss of approximately 288.2%, equivalent to 2.88 times its initial investment of $127,000 to open the position. The whale first opened a long position near $198.45 on the evening of July 6 and has not sold to date. At 10:12 AM today, it added 409.1 contracts at $129.6.