Monitoring indicates that Abraxas Capital main address ETH's short-position unrealized loss further narrowed to approximately 34960000 USD
BIBIBI
AT A GLANCE
The monitoring post states that the Abraxas Capital main address ETH's short-position unrealized loss narrowed from 38380500 USD to 34962100 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position unrealized loss narrows!
▫️ P&L: -38,380,453.83 USD (-68.72%) → -34,962,089.29 USD (-63.38%)
▫️ Average entry price: 2,304.05 USD▫️ Current price: 2,638.50 USD▫️ Liquidation price: 4,336.96 USD▫️ Position size: 275,821,249.17 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened in May, and the address was previously a whale with the largest contract position size on Hyperliquid.November, the address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
The post states that this ETH short position's P&L changed from -38,380,453.83 USD（-68.72%） to -34,962,089.29 USD（-63.38%）。
02
The post lists the average entry price as 2,304.05 USD, with the current price at 2,638.50 USD。
03
The post lists the liquidation price as 4,336.96 USD。
04
The post lists the position size as 275,821,249.17 USD。
05
The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The post states that this large short position was opened in May, and that November the address has continuously taken profits since then; its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when the asset price falls and lose when it rises. The post shows that this position remains at an unrealized loss, but both the loss amount and loss percentage are smaller than before, hence the term “unrealized loss narrows.” An unrealized loss is a book loss on an open position and does not represent a final realized loss.
Why it matters to readers
This is a relatively large ETH short position, whose P&L and liquidation risk will change with ETH price movements. However, a single address's position reflects only that address's trading activity and cannot alone demonstrate that the overall market will rise or fall.
Beginners should distinguish among average entry price, current price, unrealized loss, and liquidation price, and treat monitoring posts of this type as position leads requiring verification rather than making trading decisions solely on a single whale's position.
Risks and unknowns
The post does not provide independent on-chain records or platform data to verify the position, P&L, or liquidation price.
The original text alone cannot confirm that this address is controlled by Abraxas Capital.
The original text states only “May” and “November” without specifying the year.
It cannot be confirmed whether the position was reduced, closed, or otherwise changed after the post was published.
Whether the liquidation price will actually be triggered may also be affected by changes in the position and account status, which the original text does not explain.
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Related concepts
Short Position
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