Monitoring post says ETH short position at address labeled Abraxas has unrealized loss narrowed to approximately 36.93 million USD
BIBIBI
AT A GLANCE
The address's ETH short position unrealized loss narrowed from 39.0077 million USD to 36.9275 million USD, with a position size of approximately 278 million USD.
Article
🐳【Abraxas Capital Main Address】ETH short position unrealized loss narrows!
🔥 Note: Abraxas Capital began building this large short position in May. The address was previously the largest whale by contract capital on Hyperliquid. Since November, the address has continued taking profits; its position size previously reached 920 million USD. 🔥
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Key points
01
P&L changed from -39,007,665.82 USD (-69.69%) to -36,927,474.56 USD (-66.47%).
02
The average entry price was 2,304.03 USD, while the current coin price was 2,657.29 USD.
03
The liquidation price was 4,250.49 USD.
04
The position size was 277,773,478.84 USD.
05
The address listed in the article is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
06
The original text says that this large short position began being built in May and that the address has continued taking profits since November.
07
The original text says that the position size previously reached 920 million USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position typically profits when the coin price falls and loses when it rises. The current coin price is higher than the average entry price, so the position shows an unrealized loss; both the latest unrealized loss amount and loss percentage are lower than before, meaning the unrealized loss has narrowed.
Why it matters to readers
These figures show the P&L, size, and liquidation price of a large ETH short position and can be used to observe the current price risk borne by the position.
Beginners should distinguish between an “unrealized loss” and a “realized loss”: the figures shown here describe the position and do not mean that it has already been fully closed and settled.
Risks and unknowns
The original text alone cannot independently confirm that the address belongs to Abraxas Capital.
It cannot be confirmed whether the listed position, prices, P&L, and liquidation price are accurate or remain valid.
The years for May and November are not specified.
The historical descriptions “continued taking profits” and “was previously the whale with the largest contract capital on Hyperliquid” lack verifiable supporting evidence.
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Related concepts
Short Position
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