ZHIPU rebounds 31.1% from its low; a certain address's 5x short position on ZHIPU is floating a loss of $14,100

According to Odaily, monitored by Hyperinsight, ZHIPU on Hyperliquid rebounded to $149.52 today, with an increase of 31.1% from the lowest to the highest point, and was trading at $146.71 at the time of writing. Previously, on July 13, ZHIPU completed a new H-share placement of 19.78 million shares; on July 17, after Moonshot AI released the 2.8 trillion parameter open-source model Kimi K3, ZHIPU’s share price fell by about 50% after the H-share placement and recovered part of the losses today. During this rebound, one address shorted against the trend this morning, starting to build short positions when ZHIPU had recovered about 12% from its low, and continuously added shorts from $127.5 to $143.2. This address currently holds ZHIPU short positions cross-margin at 5x leverage, with a position value of approximately $198,700, a liquidation price around $163.83, an unrealized loss of about $14,100, and a return loss rate of roughly 38.1%, nearly 40% of the initial margin lost. Besides this largest loser today, during the recent 2 to 3 hour rebound period, there were a total of 7 new ZHIPU positions above $50,000 established, all being shorts, with a total position value of about $953,200 and an unrealized combined loss of roughly $70,800 at present. For long positions over $100,000, the average entry price is around $149.66, just about 2% higher than the current price; the main pressure point is the largest long position near $159.41, while the cost lines of the other 4 long holders have all been surpassed by the current price.