Address Opens 5x Short on ZHIPU as Token Rebounds 31%, Faces $14,100 Loss Today

According to Hyperinsight, an address opened a 5x leveraged short position on ZHIPU today, entering between $127.5 and $143.2 as the token rebounded from its low. The position holds $198,700 in value with a liquidation price near $163.83, currently showing an unrealized loss of approximately $14,100, or a 38.1% loss on initial margin.

ZHIPU traded at $146.71 as of reporting, up 31.1% from today's low of $112.08. Seven additional short positions exceeding $50,000 were established in the past 2-3 hours during the rebound, totaling approximately $953,200 in notional value with combined unrealized losses of $70,800.