Abraxas Capital Main address HYPE The unrealized loss on the short position narrowed to approximately 6290000 USD
BIBIBI
AT A GLANCE
An on-chain monitoring post said that the Abraxas Capital main address's HYPE unrealized loss on its short position had narrowed.
Article
🐳【Abraxas Capital Main address】HYPE Short-position unrealized loss narrows!
▫️ P&L: -8,448,487.82 USD (-82.15%) → -6,294,464.89 USD (-63.91%)
▫️ Average entry price: 70.18 USD▫️ Current token price: 80.47 USD▫️ Liquidation price: 376.53 USD▫️ Position size: 49,247,592.78 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May, and this was previously the whale with the largest contract capital on Hyperliquid.November Starting 920000000 USD。 🔥
Key points
01
The post said that this HYPE short position's P&L changed from -8,448,487.82 USD（-82.15%) to -6,294,464.89 USD（-63.91%）。
02
The opening average price listed in the post was 70.18 USD, the current token price was 80.47 USD, and the liquidation price was 376.53 USD。
03
The position size listed in the post was 49,247,592.78 USD。
04
The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post said that this large short position was opened starting May, and claimed that the address had been taking profits continuously 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 post shows that the current token price is higher than the listed average entry price, so the position remains at an unrealized loss; a narrowing unrealized loss means that the paper loss has decreased, not that the position has already become profitable or been closed.
Why it matters to readers
Approximately 49250000 USD The short position represents a significant bearish position still held by the address identified in the post, and changes to the position may attract the attention of market participants. However, this is only a position snapshot provided by a single post.
Beginners can treat this as a clue for observing changes in the position of a large address, but should not judge HYPE subsequent price movements based solely on this short position; they can continue to monitor whether the position size, P&L, and price change.
Risks and unknowns
The original text does not provide an on-chain transaction link or data snapshot that can be independently verified.
The original text alone cannot confirm that this address is controlled by Abraxas Capital.
The original text does not specify the exact times corresponding to the two sets of P&L data.
“May” and “November” are not accompanied by years.
The post does not confirm whether the current position has changed, been increased, or been closed.
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Related concepts
Short Position
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