🔥 Note: Abraxas Capital began building this large short position in May. The address was previously the whale with the largest contract position on Hyperliquid. Since November, the address has continued taking profits; its position size previously reached USD 920 million. 🔥
The post states that the P&L of this ETH short position changed from -39,164,464.15 USD (-69.93%) to -41,286,586.38 USD (-73.17%).
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The average entry price listed in the post is 2,304.05 USD, the current token price is 2,699.00 USD, and the liquidation price is 4,213.37 USD.
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The position size listed in the post is 282,145,746.26 USD.
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The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
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The post states that this short position began being built in May, that the address has continued taking profits since November, and that its position size previously reached USD 920 million.
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帖子称该大额空单于5月起建仓，11月起该地址持续止盈，持仓规模此前达9.2亿美元。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position generally profits when an asset's price falls and loses when it rises. The current token price listed in the post is higher than the average entry price, so the position shows a loss, and both the loss amount and percentage have increased from earlier levels. The listed current token price remains below the liquidation price, but this does not prove that the position is safe or will not be reduced early.
Why it matters to readers
This is a large ETH short position, and its P&L changes may attract market attention. If the ETH price continues to rise, the position's unrealized loss may continue to change; however, the original text does not prove that the position will be forcibly liquidated or that it will directly affect the ETH price.
Beginners can view this as monitoring information about a position held by a single address and should not judge ETH's subsequent price direction solely from one large short position. The key distinctions are the average entry price, current price, unrealized P&L, and liquidation price.
Risks and unknowns
The position, P&L, liquidation price, and historical activity are stated by the post; the original text does not provide independent on-chain records for verification.
It cannot be confirmed whether this address is actually controlled by Abraxas Capital.
The original text mentions only “May” and “November” without specifying the corresponding years.
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The original text does not establish the margin status, whether the position is still changing, or whether forced liquidation will occur.
The direct impact of this position on the ETH market price cannot be confirmed.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
