Zhipu's largest long holder closed 74200 contracts ZHIPU long positions, with a loss of approximately 2706300 USD
BIBIBI
AT A GLANCE
The report stated that address 0x8b3 liquidated 74200 contracts ZHIPU long positions, with a loss of approximately 2706300 USD。
Article
Zhipu's largest long holder admits losses amid an unstoppable decline, 2710000 USD exits the market
BlockBeats reported,October 20, according to TradingBeats monitoring, Zhipu ZHIPU continued its decline,Hyperliquid was temporarily quoted at 61.54 USD，24 hours, down approximately 3.40%, approximately October 7's 92.9 USD below its interim high, and approximately 33.78%below June 22's high when it was first listed on the on-chain market, representing a cumulative drawdown of approximately 360 USD.
Zhipu's largest long holder (82.91%) closed all 0x8b3 long positions this afternoon, 74200 contracts ZHIPU with a closing size of approximately 4544500 USD and a realized loss of approximately 2706300 USD.
This whale began this round of long positions on September 11 and subsequently continued to add to the position in tranches, with an average entry price of 97.7 USD. After holding the position for approximately 39 days, the account ultimately exited the entire position at a price approximately 37.32%below its aggregate cost.
Original link https://m.theblockbeats.info/flash/372747
Key points
01
BlockBeats stated that, according to TradingBeats monitoring,ZHIPU was temporarily quoted at Hyperliquid on 61.54 USD，24 hours, down approximately 3.40%。
02
The report stated that ZHIPU was approximately October 7 below its 92.9 USD interim high 33.78%。
03
The report stated that ZHIPU was approximately June 22 below its high when first listed on the on-chain market, 360 USD representing a cumulative drawdown of approximately 82.91%。
04
Address 0x8b3 closed all 74200 contracts ZHIPU long positions this afternoon, with a closing size of approximately 4544500 USD and a realized loss of approximately 2706300 USD。
05
This address began this round of long positions on September 11 and subsequently added to the position in tranches, with an average entry price of 97.7 USD。
06
After holding the position for approximately 39 days, the account exited the entire position at a price approximately 37.32%below its aggregate cost.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A long position is a bet that the price will rise. The address cited in the report continued buying ZHIPU, but liquidated its position after the price fell, thereby realizing a loss. This describes the trading outcome of one large account and does not mean ZHIPU will necessarily continue to decline afterward.
Why it matters to readers
The full closure of a large long position and ZHIPU the recent downtrend occurred simultaneously, which may serve as a signal for observing market sentiment and large-account behavior; however, the actions of a single account cannot establish the overall market direction.
Beginners can use this to understand average entry price, position closure, and drawdown: if the market price after purchase is below the aggregate cost, selling turns an unrealized loss into a realized loss. Do not judge subsequent price movements solely based on a large holder liquidating a position.
Risks and unknowns
The original article did not include Hyperliquid or the original on-chain transaction records, so the relevant price, position, and closure data cannot yet be independently verified.
The comparison scope and methodology for determining “largest long holder” were not specified.
The identity of the actual controller of address 0x8b3 has not been disclosed.
Subsequent price movements and whether this address re-establishes a position are unknown.
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Long
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