Abraxas Capital The main address reportedly rolled over and increased its LIT short position
BIBIBI
AT A GLANCE
A Telegram post stated that the wallet labeled as Abraxas Capital the main address increased its LIT short position.
Article
🐳 【Abraxas Capital Main address】LIT Short position rolled over!
💰LIT Increased short position by 71,538.00 tokens, equivalent to approximately 259,310.75 USD▫️ Position size: 1,599,782.49 USD▫️ Average entry price: 4.63 USD → 4.49 USD▫️ Current profit and loss: +304,121.07 USD (+57.03%)
▫️ Current token price: 3.77 USD▫️ Liquidation price: 335.06 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and the address was previously the whale with the largest contract capital size.Hyperliquid the whale with the largest contract capital size.November. Since then, the address has continuously taken profits; its position size previously reached 920000000 USD。 🔥
Key points
01
The post stated that the address increased its 71,538-token LIT short position, equivalent to approximately 259,310.75 USD。
02
The position size listed in the post was 1,599,782.49 USD, with the average entry price changing from 4.63 USD to 4.49 USD。
03
The post listed current profit/loss as +304,121.07 USD (+57.03%), the current token price as 3.77 USD.
04
The liquidation price listed in the post was 335.06 USD, and the address was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post claims that this address, since May began building a large short position, and claims that it was previously LIT and was previously the Hyperliquid whale with the largest contract capital.
06
The post stated that the address has continuously taken profits since November, and that its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position usually indicates a bet that the asset price will fall; “adding to short positions” means the post claims that the address increased this type of position. All the above position, ownership, and historical information comes from a Telegram post.
Why it matters to readers
If the address attribution and position data in the post are accurate, this could affect market sentiment toward LIT a bearish outlook, but activity by a single address does not necessarily mean the price will fall.
This is an on-chain position update that has not been independently verified; do not judge solely from the post that it LIT will definitely rise or fall.
Risks and unknowns
The evidence does not provide independently verifiable on-chain position records.
The evidence cannot confirm that this address indeed belongs to Abraxas Capital。
The evidence cannot confirm the post's claims of May opening positions,November taking profits, and 920000000 USD historical holdings.
Liquidation price 335.06 USD The specific calculation method for the liquidation price and other position figures is not explained in the evidence.
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Related concepts
Short Position
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