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

According to monitoring by HyperInsight, ZHIPU fell before the opening of Hong Kong stocks, hitting a low of $120.7 within about an hour, a drop of approximately 17%, with the intraday decline continuing. On the news front, ZHIPU completed a placement of 19.78 million new H-shares on July 13; on July 17, Moonshot AI 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 catalysts have been seen today.

The largest long holder of ZHIPU, a certain whale, currently holds a 10x isolated long position of 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. The unrealized loss stands at about $367,000, which translates to a loss of approximately 288.2% based on the return rate. This is equivalent to 2.88 times their initial capital outlay of $127,000. This whale first opened a long position near $198.45 on the evening of July 6 and has not sold since; today at 10:12 AM, they added 409.1 contracts at $129.6.