Labeled as Abraxas Capital's primary address, the BTC short position's unrealized loss expanded to approximately 22730000 USD
BIBIBI
AT A GLANCE
The post stated that Abraxas Capital of the main address BTC short position's unrealized loss expanded to 22731100 USD。
Article
🐳【Abraxas Capital Primary Address】BTC Short position unrealized loss expands!
▫️ P&L:-20,666,353.29 USD (-43.88%) → -22,731,056.58 USD (-47.85%)
▫️ Average entry price:75,949.10 USD▫️ Current token price:83,985.93 USD▫️ Liquidation price:140,444.73 USD▫️ Position size:237,542,699.23 USD📌 Address:0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be opened on May, having previously been the whale with the largest contract position size on Hyperliquid.November onwards, this address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
The post labels the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital Main Address.”
02
The post shows that P&L changed from -20,666,353.29 USD（-43.88%) to -22,731,056.58 USD（-47.85%）。
03
The average entry price listed in the post is 75,949.10 USD, the current token price is 83,985.93 USD, and the liquidation price is 140,444.73 USD。
04
The position size listed in the post is 237,542,699.23 USD。
05
The post stated that this large short position began to be built on May and began building the position,November from then on, the address continued taking profits, with the position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This post describes a BTC short position: when the BTC price is above the short position’s average entry price, the position has an unrealized loss. Both the loss amount and loss percentage in the post increase further, while the listed current token price remains below the liquidation price.
Why it matters to readers
Given the large size of this position, changes in unrealized losses may draw market attention to the risks associated with large contract position risks; however, the situation of a single address cannot be used to assess the overall trend of BTC.
Beginners should distinguish between “unrealized loss” and “realized loss”: an unrealized loss is a book-value change before the position is closed. The liquidation price is a reference price at which the position may be forcibly closed, but the specific circumstances still require verification.
Risks and unknowns
The post alone cannot confirm that this address indeed belongs to Abraxas Capital。
It is not possible to independently verify whether the position direction, size, average entry price, profit or loss, current token price, and liquidation price are accurate.
The original text does not specify the exact time periods to which the sets of profit-and-loss data respectively correspond.
The original text does not provide the years corresponding to “May” and “November”.
The original text does not specify the position leverage, margin, or any subsequent position increases, reductions, or closures.
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Related concepts
Short Position
A contract position taken when a trader expects the underlying asset's price to fall.
