ZHIPU rebounded 8.3% intraday, a trader took profit on short positions at the low and then opened long positions with 3x leverage.

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BlockBeats news, June 30, according to Hyperinsight monitoring, ZHIPU AI (ZHIPU) has recently fallen more than 15% from its highs due to share unlock and placement financing expectations. Today, as Hong Kong tech stocks and AI concepts overall rebounded and market Risk-on sentiment picked up, it rose 8.3% in 24 hours, currently reported at $269.04 on Hyperliquid.

A trader, after closing all short positions at a low of around $252 yesterday, immediately went long with 3x leverage, and continued to roll over positions as the stock price rebounded. The current average entry price is about $262, with a position size of approximately $740k, making it the long position with the highest book profit in this rebound.

Currently, ZHIPU's on-chain large positions remain relatively balanced, with nominal short positions of about $2.4 million, long positions of about $2.6 million, and a short/long nominal ratio of about 0.91x. The average entry price for large long positions is about $271.74, and for shorts about $277.23.

ZHIPU8.82%
HYPE2.62%
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