Monitoring post says Abraxas Capital's main address increased its ZEC short position by approximately 1,496 ZEC
BIBIBI
AT A GLANCE
The post says Abraxas Capital's main address increased its ZEC short position by 1,496.26 ZEC and currently has an unrealized loss of approximately USD 4.08 million.
Article
🐳 【Abraxas Capital main address】has averaged down its ZEC short position!
💰 ZEC short position increased by 1,496.26 ZEC, equivalent to approximately 2,157,520.55 US dollars
▫️ Position size: 29,470,368.31 US dollars
▫️ Average entry price: 1,367.14 US dollars → 1,387.30 US dollars
▫️ Current P&L: -4,082,660.77 US dollars (-41.56%)
▫️ Current token price: 1,610.40 US dollars
▫️ Liquidation price: 8,544.76 US dollars
🔥 Note: Abraxas Capital's large short position was established starting in May and was previously the largest whale by contract capital size on Hyperliquid. Since November, this address has continuously taken profits, and its position size previously reached 920 million US dollars. 🔥
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Key points
01
The post says the ZEC short position increased by 1,496.26 ZEC, equivalent to approximately USD 2,157,520.55.
02
The post lists the position size as USD 29,470,368.31.
03
The post says the average entry price changed from USD 1,367.14 to USD 1,387.30.
04
The post lists current P&L as -4,082,660.77 US dollars (-41.56%).
05
The post lists the current token price as USD 1,610.40 and the liquidation price as USD 8,544.76.
06
The post lists the address as 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The post says this large short position was established starting in May, that the address has continuously taken profits since November, and that its position size previously reached USD 920 million.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position generally profits when the price falls. Here, “averaging down” means continuing to increase the short position, changing the average entry price listed in the post; based on the post's data, the position is currently losing money.
Why it matters to readers
The additional amount, position size, unrealized loss, and liquidation price can help track changes in this address's position and risk exposure, but these figures alone cannot establish the subsequent price direction.
Beginners can treat this as a position snapshot for a single address, focusing on the distinction among position size, average entry price, current P&L, and liquidation price, and should not make a trading decision based solely on this post.
Risks and unknowns
The post alone cannot confirm that this address is controlled by Abraxas Capital.
It cannot be confirmed whether the listed position, token price, P&L, and liquidation price data are accurate or still current.
“May” and “November” do not specify a year.
The post does not state the data calculation methodology or observation time.
The claims that it was previously the largest whale by contract capital size on Hyperliquid and that it previously reached USD 920 million lack verifiable supporting evidence.
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Related concepts
Short position
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