Abraxas Capital Primary address reduced its position by 2,066.73 units SILVER in shorts and took profit
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Abraxas Capital Primary address reduced its position by 2,066.73 units SILVER in shorts and reported taking profit.
Article
🐘 【Abraxas Capital Primary address]SILVER Take-profit on the short position!
💵 Asset:SILVER Reduced short position by 2,066.73 units, equivalent to approximately 1,010,376.25 USD✦ Position size: 11,223,148.28 USD✦ Average entry price: 64.62 USD → 64.61 USD✦ Current P&L: +1,618,791.05 USD (+72.12%)
✦ Current price: 56.47 USD✦ Liquidation price: 987.07 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened from May, previously Hyperliquid the whale with the largest contract capital position.November Since 920000000 USD。 🔥
Key points
01
SILVER Reduced short position by 2,066.73 units, equivalent to approximately 1,010,376.25 USD。
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Position size: 11,223,148.28 USD。
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Average entry price changed from 64.62 USD to 64.61 USD。
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Current profit/loss was +1,618,791.05 USD (+72.12%).
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Current price: 56.47 USD, liquidation price: 987.07 USD。
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The address is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
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The original text states that the address established a large short position from May,November and has continued taking profit since then; its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This Telegram post states that the wallet identified as Abraxas Capital the primary address reduced its SILVER short position and disclosed data including position size, average entry price, profit and loss, and liquidation price.
Why it matters to readers
It reflects that an address identified as Abraxas Capital experienced a reduction of SILVER short positions, but this post alone cannot confirm the overall market direction.
A short position represents a bet on prices falling; reducing a short position and reporting a profit indicates that the position size is decreasing.
Risks and unknowns
The attribution of the address in the post to Abraxas Capital was not verified beyond the original text.
The original text provided no independent on-chain evidence to verify the reduction amount, position, or profit and loss data.
The subsequent price trend of SILVER cannot be determined from this single address alone.
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Short Position
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