Whale chases gains in Zhipu and MiniMax; long positions exceed of contract open interest and show unrealized losses
BIBIBI
AT A GLANCE
An on-chain whale chased rallies in Zhipu and MiniMax, with approximately 3850000 USD in long positions now showing an unrealized loss of approximately 54300 USD。
Article
Domestic large-model rebound attracts whale buying, with its long positions already accounting for over one-fifth of the open interest in Zhipu and MiniMax
BlockBeats News,October 27, the two leading domestic large-model companies listed in Hong Kong rebounded sharply in early trading, with Zhipu up by approximately 13.3%, while MiniMax's gain at one point approached 6%. An on-chain whale took advantage of the rebound to build concentrated long positions in both companies, purchasing approximately 3850000 USD, but as the gains retraced, the positions have now moved into floating losses.
According to TradingBeats monitoring, the account began buying Zhipu in batches around noon today,ZHIPU and has so far accumulated 40000 long positions, worth approximately 2830500 USD, at an average price of 70.76 USD; during the same period, it bought 45000 MiniMax contracts, worth approximately 1022100 USD, at an average price of 22.71 USD.
The whale's new positions now account for a substantial proportion of the open interest in the two contracts. Calculated by the number of positions, the account's ZHIPU、MINIMAX long positions respectively represent approximately OI of the corresponding contracts'20.6%and 26.4%. The account currently holds only the two contract positions mentioned above, both using 1 x isolated leverage.
The Hong Kong stock rebound in the afternoon was not fully sustained. As of press time, Zhipu's gain had narrowed to approximately 8.9%, while MiniMax had reversed to a decline of approximately 1.1%. The combined value of the two on-chain long positions was approximately 3798300 USD, with floating losses of approximately 54300 USD.
Original link https://m.theblockbeats.info/flash/373925
Key points
01
October 27 In early trading, Zhipu was up approximately 13.3%, while MiniMax's gain at one point approached 6%。
02
According to TradingBeats monitoring, an on-chain whale purchased approximately 3850000 USD in long positions in Zhipu and MiniMax.
03
The account accumulated 40000 share ZHIPU long positions, worth approximately 2830500 USD, at an average price 70.76 USD。
04
The account bought 45000 units MINIMAX, with a total value of approximately 1022100 USD, at an average price of 22.71 USD。
05
Based on the number of units held, the account’s ZHIPU、MINIMAX long positions each account for approximately OI of the corresponding contract’s 20.6% and 26.4%。
06
Both positions used 1 x isolated leverage; as of press time, their combined value was approximately 3798300 USD, with an unrealized loss of approximately 54300 USD。
07
As of press time, Zhipu’s gain had narrowed to approximately 8.9%, while MiniMax had reversed to a loss of approximately 1.1%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The account cited in the report established long positions as contracts related to companies rose, betting that prices would continue to increase. The gains subsequently retreated, turning both positions into unrealized losses. The account's holdings represented more than of the open interest in the respective contracts, indicating relatively concentrated positions.
Why it matters to readers
A single account holds approximately 20.6% and 26.4% of the corresponding contracts’ open interest, respectively, constituting concentrated positions worth monitoring; meanwhile, the positions have already incurred unrealized losses after prices fell, indicating that chasing the rally did not immediately generate profits.
This is only a change in the positions of account and cannot represent the direction of the overall market. Beginners should focus on distinguishing between “unrealized losses” and realized losses, and monitor whether the positions mentioned in the report change.
Risks and unknowns
The whale's specific identity was not disclosed.
Position size, average entry price,OI percentage holdings, and unrealized-loss data are based on TradingBeats monitoring as cited in the article; the original text provided no further verification materials.
The original text did not state whether the account would subsequently continue adding to its positions, reduce them, or close them.
The original text did not specify the platform on which the contracts were traded or their specific terms.
Related Developments
Loading event timeline…
Related concepts
Long Position
This term is not in the glossary yet. Browse related concepts in the glossary.
