Abraxas Capital Main address reported reducing its ENA short position
BIBIBI
AT A GLANCE
A Telegram post stated that the Abraxas Capital address reduced 1796300 tokens of ENA short positions, leaving a remaining position of approximately 8880000 USD。
Article
🐳 【Abraxas Capital Main Address】ENA Short Position Takes Profit!
💰ENA Reduced short position by 1,796,320.00 tokens, equivalent to approximately 2,071,493.40 USD▫️ Position size: 8,883,729.36 USD▫️ Average entry price: 0.24 USD▫️ Current P&L: +1,805,880.57 USD (+60.98%)
▫️ Current token price: 0.20 USD▫️ Liquidation price: 4.08 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and it was previously the whale with the largest contract capital scale.Hyperliquid November From then on, the address continuously took profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post stated that it reduced 1,796,320 tokens of ENA short positions, equivalent to approximately 2,071,493.40 USD。
02
The position size listed in the post was 8,883,729.36 USD, with an average entry price of 0.24 USD。
03
The current P&L listed in the post was +1,805,880.57 USD（+60.98%), and the current token price was 0.20 USD。
04
The liquidation price listed in the post was 4.08 USD, and the address was disclosed as 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post stated that the address's large short position was opened on May, and that it November continuously took profits from then on, 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 generally represents a bet on a price decline; reducing a short position means reducing such exposure. The post stated that the address had partially reduced its position and listed the remaining size, P&L, and price data.
Why it matters to readers
If the post's data is accurate, the reduction may mean that the address reduced its ENA short exposure; however, the remaining position and subsequent trades still require verification.
This is monitoring information about trading by a large address and short-position P&L, suitable for understanding concepts such as position size, average entry price, and liquidation price.
Risks and unknowns
The information comes from a Telegram post; the original text did not provide independently verifiable on-chain or exchange records.
The actual reduction amount, remaining position, and P&L data cannot be confirmed based on this post alone.
Subsequent price movements may also be affected by other trades and market supply and demand.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
