Abraxas Capital Main address ETH short position unrealized loss has widened to approximately 42890000 USD
BIBIBI
AT A GLANCE
A monitoring channel stated that the address labeled as Abraxas Capital the primary address's ETH unrealized loss on its short position expanded to approximately 42890000 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position unrealized loss is widening!
▫️ P&L: -40,858,006.64 USD (-72.51%) → -42,886,092.39 USD (-75.57%)
▫️ Average entry price: 2,304.06 USD▫️ Current token price: 2,714.29 USD▫️ Liquidation price: 4,040.75 USD▫️ Position size: 283,754,285.94 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position began accumulating on May; previously, it was the whale with the largest contract capital position.Hyperliquid The address has continuously taken profits since November; its position size previously reached 920000000 USD。 🔥
Key points
01
The text shows that the P&L changed from -40,858,006.64 USD（-72.51%to -42,886,092.39 USD（-75.57%）。
02
The average entry price listed in the text is 2,304.06 USD, the current token price is 2,714.29 USD, and the liquidation price is 4,040.75 USD。
03
The position size listed in the text is 283,754,285.94 USD。
04
The address given in the text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The article stated that the large short position was opened in May and claimed that the address began building the position from November and continued taking profits from, 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 typically profits when the asset price falls and incurs losses when it rises. In the text, the current coin price is higher than the average entry price, so the position shown is at an unrealized loss; “unrealized loss” means the book loss calculated at the current price while the position has not yet been fully closed.
Why it matters to readers
If the position data in the report are accurate, ETH price and changes in this address’s holdings will affect its unrealized profit or loss; however, this address’s position alone cannot explain ETH how the overall price will move next.
Beginners should treat this content as position monitoring for a single address, not as a buy or sell signal. Focus on distinguishing the average entry price, current coin price, liquidation price, and unrealized loss, and note that the address attribution and position data have not been independently verified.
Risks and unknowns
The original text does not provide independently verifiable evidence of an on-chain or platform position.
The original text alone cannot confirm that this address indeed belongs to Abraxas Capital。
The original text does not specify the exact time periods to which the two sets of profit-and-loss data respectively correspond.
The source mentions May and November but does not specify the years.
The original text does not allow confirmation of the margin situation, leverage multiple, or whether the position was subsequently reduced, margin was added, or liquidation occurred.
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Related concepts
Short Position
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