Abraxas Capital Primary address increased its position by 4782000 units ENA in a short position, with a position size of approximately 8928000 USD
BIBIBI
AT A GLANCE
The post stated that “Abraxas Capital the primary address” increased its position by 4782190 units ENA in a short position, but the data has not been independently verified.
Article
🐳 【Abraxas Capital Primary address]ENA Short position averaged down!
💰ENA Increased short position by 4,782,190.00 units, equivalent to approximately 2,015,394.95 USD▫️ Position size: 8,927,821.20 USD▫️ Average price: 0.22 USD → 0.22 USD▫️ Current P&L: -1,500,557.50 USD (-168.08%)
▫️ Current token price: 0.27 USD▫️ Liquidation price: 4.71 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was initiated in May, and was previously the Hyperliquid whale with the largest contract capital size.November Since then, this address has continued taking profits, with its position size previously reaching 920000000 USD. 🔥
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Key points
01
The post stated that ENA the short position was increased by 4,782,190.00 units, equivalent to approximately 2,015,394.95 USD。
02
The position size listed in the post was 8,927,821.20 USD。
03
The average price change listed in the post was from 0.22 USD to 0.22 USD, while the current token price was 0.27 USD。
04
The post listed current profit/loss as -1,500,557.50 USD (-168.08%), and the liquidation price as 4.71 USD.
05
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
06
The post stated that the large short position was initiated in May and that this address has continued taking 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.
A short position is a contract position that bets on a price decline. “Averaging down” here means continuing to add to a short position, but the post shows that the average price remains 0.22 USD. The current token price is higher than the listed average price, so the post indicates that the position is in a loss state.
Why it matters to readers
This newly added short position reflects the address’s position change in ENA and may serve as a clue for observing the behavior of large traders; the actions of a single address alone cannot prove whether ENA will rise or fall next.
Beginners should treat this as position-monitoring information pending verification and should not follow the post to open a short position based on it alone; first confirm the address, actual position, and data basis.
Risks and unknowns
The post does not provide independently verifiable on-chain transaction records or a position screenshot.
The post alone cannot confirm that the address is controlled by Abraxas Capital.
The calculation basis for the current P&L percentage and the other data is not specified.
May The historical descriptions of the position being opened in November, continued profit-taking since 920000000 USD and previously reaching a position size of have not been independently verified.
It cannot be determined from the post whether the position will subsequently be increased, reduced, or closed.
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Related concepts
Short Position
A contract position taken when a trader expects the underlying asset's price to fall.
