Unrealized Loss of $367,000: ZHIPU's Largest Long Position Holder Adds 409.1 Contracts with 10x Isolated Long Margin

Odaily Planet Daily News: According to HyperInsight monitoring, ZHIPU (智谱) fell before the Hong Kong stock market opened, hitting a low of $120.7 within about an hour, a drop of approximately 17%. The decline continued during Hong Kong stock trading hours. In terms of news flow, ZHIPU completed a placement of 19.78 million new H-shares on July 13; on July 17, Moonshot AI (月之暗面) released the 2.8 trillion parameter open-source model Kimi K3, causing ZHIPU's Hong Kong-listed shares to fall 28.49% that day. As of press time, no new sudden negative company-specific news has been reported today.

ZHIPU's largest long position holder, a whale, is currently using 10x isolated margin to go 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 approximately $78.3. The unrealized loss stands at about $367,000, or roughly 288.2% based on the rate of return, equivalent to 2.88 times its initial investment of $127,000 to open the position. This whale first opened a long position on the evening of July 6 near $198.45 and has not sold since. At 10:12 AM today, it was still adding 409.1 contracts at $129.6.