HyperInsight identifies it as the Abraxas Capital main address’s ZEC short-position unrealized profit, which increased to approximately 4392000 USD
BIBIBI
AT A GLANCE
An on-chain tracking update stated that Abraxas Capital the main address’s ZEC unrealized profit on its short position had increased to 4392000 USD。
Article
🐳【Abraxas Capital Main address】ZEC Short-position unrealized profit increased!
▫️ P&L: +2,206,967.24 USD (+11.61%) → +4,392,000.85 USD (+24.04%)
▫️ Average entry price: 1,501.26 USD▫️ Current token price: 1,389.90 USD▫️ Liquidation price: 5,645.04 USD▫️ Position size: 54,819,101.50 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May; it was previously the whale with the largest contract position on Hyperliquid.November Since then, the address has continued taking profits; its position size previously reached 920000000 USD。 🔥
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Key points
01
The original text stated that this ZEC short-position P&L changed from +2,206,967.24 USD（+11.61%）to +4,392,000.85 USD（+24.04%）。
02
The average entry price listed in the original text was 1,501.26 USD, the current token price was 1,389.90 USD, and the liquidation price was 5,645.04 USD。
03
The position size listed in the original text was 54,819,101.50 USD。
04
The address listed in the original text was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The original text stated that this large short position was opened in May and that this address has been taking profits continuously since November with the 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 generally a contract position that profits when prices decline. The original text indicates that the current coin price is below the average entry price, while the stated unrealized profit increased from approximately 2207000 USD to approximately 4392000 USD The liquidation price is a reference price at which a position may be forcibly closed because losses have become too large.
Why it matters to readers
If the address attribution and position data in the original text are accurate, this approximately 54820000 USD short position is a relatively large ZEC contract position. Its subsequent profit-taking, position reduction, or liquidation warrants attention. However, the position of a single address cannot directly prove the overall market direction.
Beginners can regard this as a large-trade update that still requires verification and should not make trading decisions based solely on this address's unrealized profit or short direction.
Risks and unknowns
The original text provided no independent evidence proving that this address belongs to Abraxas Capital。
The original text provided no on-chain details that independently verify the position direction, size, average entry price, profit or loss, and liquidation price.
This short position alone is insufficient to determine ZEC the subsequent price direction.
in the original text,May and November no specific year is indicated.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
