The largest long position holder for ZHIPU is only $27 away from liquidation, with floating losses expanding to 63.5%.

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Deep Tide TechFlow News. On June 29, according to monitoring by Hyperinsight, Zhipu (ZHIPU) has fallen a cumulative 28% from its recent high over the past week. It is temporarily trading at $251 on Hyperliquid, down 3.8% over the past 24 hours.

With the share price retreating from its recent high, the platform’s largest ZHIPU long position holder is approaching liquidation. The current distance to the liquidation price is only $27; the liquidation price is $224. This whale opened a $1.01 million long position on June 26 at an average entry price of $268.58, and its unrealized loss has now reached 63.5%.

The main factors weighing on the market recently are the unlocking of cornerstone investors’ shares on July 8. At that time, the number of freely tradable shares is expected to increase by approximately 3 times compared with the current level, leading to concerns that potential selling pressure may rise.

ZHIPU-5.05%
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