Abraxas Capital The labeled main address's ETH unrealized loss on its short position expanded to approximately 22370000 USD
BIBIBI
AT A GLANCE
The post states that the Abraxas Capital short position of the main address labeled as ETH saw its unrealized loss expand to 22369800 USD。
Article
🐳【Abraxas Capital Main Address]ETH Short Position's Unrealized Losses Expand!
▫️ P&L: -20,090,264.78 USD (-36.25%) → -22,369,790.79 USD (-40.03%)
▫️ Average Entry Price: 2,322.64 USD▫️ Current Token Price: 2,524.80 USD▫️ Liquidation Price: 3,996.38 USD▫️ Position Size: 279,385,789.23 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and this address was previously the whale with the largest contract position size on Hyperliquid.November; since then, this address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post labeled the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital main address.”
02
The post shows that this ETH short position's P&L changed from -20,090,264.78 USD（-36.25%） to -22,369,790.79 USD（-40.03%）。
03
The average entry price listed in the post is 2,322.64 USD, the current token price is 2,524.80 USD, and the liquidation price is 3,996.38 USD。
04
The position size listed in the post is 279,385,789.23 USD。
05
The post states that this large short position was opened on May, and that the address has continuously taken profits since November, with its position size previously reaching 920000000 USD。
06
The post states that this address was previously the whale with the largest contract position size on Hyperliquid.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when prices decline. The current token price in the post is higher than the short position's average entry price, so the position is at an unrealized loss; “expanding unrealized losses” means the book loss has increased, but does not mean the position has been closed and the loss realized. The liquidation price is the position risk reference price provided in the post.
Why it matters to readers
This position is sizable, and its P&L and subsequent adjustments may offer clues for observing the behavior of large traders. However, the position of a single address alone cannot prove the overall ETH trend, nor can it confirm from this that the market will rise or fall.
Beginners should focus on distinguishing unrealized losses from actual losses and observe the relationship among price, average entry price, liquidation price, and position size; do not make trading decisions based solely on a single address's position.
Risks and unknowns
The original text provides no evidence that this address indeed belongs to Abraxas Capital。
The original text does not explain the data sources, calculation methods, or capture times for the position, P&L, token price, and liquidation price.
“May” and “November” do not specify a year.
The original text provides no verification materials for its claims that the address was previously the whale with the largest contract position size on Hyperliquid and that its previous position reached 920000000 USD.
Related Developments
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It is not possible to confirm from this post alone whether the position still currently exists, or whether it was subsequently reduced, closed, or liquidated.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
