Intellectual Spectrum Launches On-Chain Contract, Sees Daily Price Surge Followed by Retracement; Short-Term Bear Enters 5x Leveraged Intraday Short Position

BlockBeats News, June 22, according to Hyperinsight Monitor, as of the time of writing, ZHIPU on Hyperliquid is currently trading at $314.44, down approximately 10.35% in the last 24 hours and down about 9.91% in the last 12 hours. The on-chain trading volume in the last 24 hours is around $16.87 million, with a total open interest of about $9.22 million. The price during the session dropped from $350.75 to $283.79 before rebounding.

On Hyperliquid, a trader opened a new 2x short position on ZHIPU today, with a position value of around $770,000. The average entry price is $313.89, and the current mark price is about $308.69. The total size of the top 10 ZHIPU positions is approximately $4.57 million, with around $2.25 million in long positions and $2.32 million in short positions, making the long and short positions nearly balanced.

Additional Information: The previous increase in ZHIPU was mainly driven by the U.S. restrictions on access to Anthropic's high-order models, the warming expectation of China's open-source AI substitution. Reports indicated that Zhifu Hong Kong stocks once surged by about 48% in a single day. Moreover, the release of GLM-5.2 and the plan to list on the Sci-Tech Innovation Board have also boosted trading activity.

Address: 0x48d826da83e69844f2f84b2db50703a933d137a2