On Hyperliquid,ZHIPU Zhipu and MiniMax large longs remain collectively at a loss after the rebound

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Zhipu and MiniMax longs overall still need a rebound of more than 20%to break even

BlockBeats reported that October 27, according to TradingBeats monitoring, Zhipu on Hyperliquid ZHIPU perpetual contract was quoted at 68.984 USD, up over the past 24 hours by approximately 10.88%; MiniMax was quoted at 22.322 USD, up approximately 3.88%. Although both contracts rebounded, 10 large long positions in total remain at an unrealized loss of approximately 1106900 USD, with the losses concentrated mainly in Zhipu.

Zhipu:

7 The Zhipu large long positions whose long positions in the listed token are worth more than 100000 USD hold approximately 3492800 USD in total, with an unrealized loss of approximately 1010000 USD and a position-size-weighted entry price of 88.93 USD, approximately higher than the current price by 28.9%. Among them, 3 long positions remain at an unrealized loss, with the relevant positions accounting for approximately 76.6%。

The largest long 0xddb8 has not adjusted its Zhipu position over the past 24 hours. As the price rebounded, its unrealized loss narrowed from approximately 1257900 USD to 1059300 USD, an improvement of approximately 198600 USD, but the price still needs to rise approximately 52.3%from the current level to return to 105.09 USD its entry price.

Another low-cost long has already turned from a loss to a profit. Address 0xfe7c held an equivalent position on October 22 with an unrealized loss of approximately 15900 USD; it has now turned to an unrealized profit of approximately 43500 USD. Zhipu's rebound is improving the profit-and-loss position of some low-cost holdings, but has not yet reversed the overall unrealized loss among large long positions.

MiniMax：

MiniMax's 2 large long positions hold approximately 464700 USD in total, with an unrealized loss of approximately 96900 USD and a position-size-weighted entry price of approximately 26.98 USD, approximately higher than the current price by 20.9%。

The largest long 0xd33c's entry price was 30.76 USD, with a position of approximately 264500 USD and a current unrealized loss of approximately 100000 USD. This account did not adjust its position over the past 24 hours; the rebound narrowed its unrealized loss by approximately 9883 USD, but the price still needs to rise approximately 37.8%from the current level to return to the entry price.

Based on the current position sizes and entry costs, Zhipu 88.93 USD、MiniMax 26.98 USD are the reference prices at which the overall profit and loss of the two groups of large long positions would turn positive, respectively.

Original link https://m.theblockbeats.info/flash/373861