Monitoring report says the address labeled as Abraxas Capital's main address increased its SILVER short position to approximately USD 13.95 million
BIBIBI
AT A GLANCE
The post states that Abraxas Capital's main address increased its SILVER short position by 17,000 units, with a position size of approximately USD 13.95 million.
Article
🐘 [Abraxas Capital Main Address] SILVER short position averaged down!
💵 Asset: Increased SILVER short position by 17,000.00 units, equivalent to approximately 1,064,212.94 USD
✦ Position size: 13,951,516.15 USD
✦ Average price: 64.76 USD → 64.79 USD
✦ Current P&L: -61,039.25 USD (-2.19%)
✦ Current price: 65.07 USD
✦ Liquidation price: 753.50 USD
🔥 Note: Abraxas Capital's large SILVER short position was opened starting in May. It was previously the largest whale by contract capital on Hyperliquid. Starting in November, this address continued to take profits; its position size had previously reached USD 920 million. 🔥
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Key points
01
The SILVER short position was increased by 17,000.00 units; the post states that this was equivalent to approximately 1,064,212.94 USD.
02
The position size was 13,951,516.15 USD.
03
The average price changed from 64.76 USD to 64.79 USD.
04
The current P&L was -61,039.25 USD (-2.19%).
05
The current price was 65.07 USD, and the liquidation price was 753.50 USD.
06
The address listed in the post was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The post states that this large short position was opened starting in May, that the address continued to take profits starting in November, and that its position size had previously reached USD 920 million.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Increasing a short position” means that the address increased its position betting on a decline in the price of SILVER; “averaged down” here corresponds to the average price adjusting from 64.76 USD to 64.79 USD. The post currently shows the position at a loss.
Why it matters to readers
The position size, average price, current price, and liquidation price can help track the address's short-position risk and P&L changes.
Beginners should distinguish among the current price, average position price, and liquidation price, and note that the actions of a large address are not necessarily suitable to follow.
Risks and unknowns
The post alone cannot confirm that the address is controlled by Abraxas Capital.
The position, price, P&L, and liquidation price data have not been independently verified.
The May and November references in the text do not specify a year.
The post does not state when the data was collected or how the position subsequently changed.
The description “previously the whale with the largest contract capital on Hyperliquid” is unverified.
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Related concepts
Short Position
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