BlockBeats News, September 23: According to TradingBeats monitoring, the largest ZHIPU long position holder (0x8b3) on Hyperliquid currently holds approximately 74,200 ZHIPU long contracts, with a position value of about $6.21 million, an average entry price of about $97.73, and an unrealized loss of about $1.04 million—making it the address with the largest unrealized loss among current ZHIPU whales. During the same period, the one-sided open interest of ZHIPU contracts is approximately 273,300 contracts, and this address already accounts for about 27.1% of the total long positions in the market. It is reported that this address continued to expand its long exposure during this round of price decline. After briefly realizing a loss on September 17, it continued buying at around $94 to $94.98 from September 18 to 20, adding a cumulative total of about $2.88 million in long positions and increasing its holdings from about 43,600 contracts to 74,200 contracts—an increase of about 70%. As ZHIPU further dropped to around $83.7, this newly added batch of positions alone has already incurred an unrealized loss of about $320,000. Previously, this whale also carried out a similar counter-trend position-adding behavior in another large altcoin long position, and it was likewise the largest unrealized-loss long holder of PONS. On September 10, it once held about $4.257 million in PONS long positions, with an average price of about $0.8598, and an unrealized loss of about $1.701 million; it continued to add about $1 million in positions while the position was still in unrealized loss. It has now fully been stopped out.