Zhipu (ZHIPU) is facing significant market pressure as its largest long holder is just $27 away from liquidation, with an unrealized loss reaching 63.5%. The cryptocurrency has seen a cumulative decline of 28% from its recent high over the past week. Currently, ZHIPU is trading at $251 on Hyperliquid, marking a 3.8% drop in the last 24 hours, according to Hyperinsight monitoring.