Abraxas Capital The labeled main address reduced its LINK short position
BIBIBI
AT A GLANCE
The channel stated that the “Abraxas Capital main address” reduced its 86,105.60 tokens LINK short position, but the data and address ownership have not been independently verified.
Article
🐳 【Abraxas Capital Main address]LINK Short position take-profit!
💰LINK Reduced short position by 86,105.60 tokens, equivalent to approximately 1,241,721.53 USD▫️ Position size: 3,957,945.09 USD▫️ Average entry price: 13.61 USD▫️ Current profit/loss: +694,104.30 USD (+52.61%)
▫️ Current token price: 11.58 USD▫️ Liquidation price: 579.62 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and it was previously the whale with the Hyperliquid largest contract capital scale.November; since then, this address has continuously taken profits, with its position size previously reaching 920000000 USD。 🔥
Key points
01
The original text stated that the LINK short position was reduced by 86,105.60 tokens, equivalent to approximately 1,241,721.53 USD。
02
The position size listed in the original text was 3,957,945.09 USD, with an average entry price of 13.61 USD。
03
The post listed current profit/loss as +694,104.30 USD (+52.61%).
04
The current token price listed in the original text was 11.58 USD, and the liquidation price was 579.62 USD。
05
The address provided in the original text was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The original text noted that this large short position was opened on May, and that this address had 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-position reduction” refers to reducing a position that bets on a decline in the price of LINK. The original text described this change as “taking profit” and stated that the address still held a position valued at 3,957,945.09 USD. All of the above are monitoring data published by the channel.
Why it matters to readers
If the original data are accurate, this indicates that the address is reducing its LINK short position; whether it continues to reduce or rebuild its short position may serve as a direction for monitoring changes in this address's position.
Beginners should not directly treat position changes at a single address as a signal that the price will necessarily rise or fall; they should first verify the address ownership, position direction, and transaction records.
Risks and unknowns
The original text did not provide independently verifiable transaction records; the reduction amount, position size, profit/loss, and liquidation price remain to be verified.
Whether this address actually belongs to Abraxas Capital cannot be confirmed from the original text alone.
The original text only stated “May” and “November” without specifying the year.
The original text did not specify the exact time at which these data were calculated.
The original text did not explain the calculation method for the liquidation price 579.62 USD.
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Related concepts
Short Position
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