ZHIPU Intelligence surged 8.3% intraday, as a trader took profit at the low and then switched from a short to a long position with 3x leverage.

BlockBeats News, June 30th, according to Hyperinsight monitoring, Zhiku AI (ZHIPU) has experienced a recent pullback due to share unlocking and anticipated equity financing. After falling more than 15% from its high, today, alongside the recovery of Hong Kong tech stocks and the AI sector, and an overall improvement in market Risk-on sentiment, it has risen by 8.3% in the past 24 hours, currently trading at $269.04 on Hyperliquid.

A trader who closed all short positions at yesterday's low point of around $252, took a long position with 3x leverage, continuously adding to the position as the price rebounded. The current average holding price is around $262, with a position size of approximately $740,000, making it the most profitable long position in this round of the rebound.

Currently, the overall large holdings on the ZHIPU chain remain relatively balanced, with nominal short positions totaling around $2.4 million and nominal long positions around $2.6 million, resulting in a short/long nominal ratio of about 0.91x. The average entry price for large long positions is around $271.74, and for short positions, it is around $277.23.