Abraxas Capital Address ETH short position unrealized loss expanded to 9290000 USD
BIBIBI
AT A GLANCE
The article stated that Abraxas Capital the main address's ETH short position unrealized loss expanded to 9290500 USD, with a position of approximately 257000000 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position floating loss expands!
▫️ P&L: -6,841,734.48 USD (-13.46%) → -9,290,546.84 USD (-18.10%)
▫️ Average price: 2,322.74 USD▫️ Current coin price: 2,410.00 USD▫️ Liquidation price: 4,128.25 USD▫️ Position size: 256,592,947.75 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened from May; previously, this address was the whale with the largest contract position on Hyperliquid.November Since 920000000 USD。 🔥
Key points
01
The P&L listed in the article changed from -6,841,734.48 USD（-13.46%) to -9,290,546.84 USD（-18.10%）。
02
The position's average entry price listed in the article was 2,322.74 USD, and the current coin price was 2,410.00 USD。
03
The liquidation price listed in the article was 4,128.25 USD。
04
The position size listed in the article was 256,592,947.75 USD。
05
The address given in the article was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The article states that the large short position was opened from May and that this address has continuously taken profits since November with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when prices fall. The current coin price listed in the article is higher than the average entry price, so the position is at an unrealized loss; “unrealized loss” refers to a paper loss that has not yet been ultimately realized through closing the position.
Why it matters to readers
Losses, position reductions, or liquidation of large positions may attract the attention of market participants, but changes in a single address's position cannot independently prove ETH's overall market direction.
Beginners should distinguish between unrealized and realized losses and note that the liquidation price is merely a position metric listed in the article; it does not mean that the price will necessarily reach that level.
Risks and unknowns
The information comes from a Telegram post, and the original text did not provide a position screenshot or a specific on-chain data page that could be independently verified.
The original text alone cannot confirm that this address is controlled by Abraxas Capital.
The original text did not specify the years corresponding to May and November.
It is impossible to confirm the specific capture time or subsequent changes of the listed price, P&L, liquidation price, and position size.
The claims that it was “previously the whale with the largest contract position on Hyperliquid” and that its historical position reached 920000000 USD were not supported by verification materials in the original text.
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Related concepts
Short Position
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