Abraxas Capital The labeled address's ETH short position's unrealized loss expanded to approximately 39400000 USD
BIBIBI
AT A GLANCE
The original text states that, labeled as Abraxas Capital the main address's ETH short position's unrealized loss has widened to 39,404,917.82 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position's unrealized loss expands!
▫️ P&L: -37,052,832.13 USD (-66.66%) → -39,404,917.82 USD (-70.30%)
▫️ Average entry price: 2,304.05 USD▫️ Current token price: 2,681.00 USD▫️ Liquidation price: 4,236.94 USD▫️ Position size: 280,264,077.70 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began establishing positions on May; it was previously the whale with the largest contract position size.Hyperliquid whale with the largest contract position size.November; since then, this address has continuously taken profits, with its position size previously reaching 920000000 USD. 🔥
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Key points
01
The original text labels the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital Primary Address.”
02
The original post shows that P&L changed from -37,052,832.13 USD（-66.66%） to -39,404,917.82 USD（-70.30%）。
03
The average entry price listed in the original post was 2,304.05 USD, the current token price was 2,681.00 USD, and the liquidation price was 4,236.94 USD。
04
The position size listed in the original post was 280,264,077.70 USD。
05
The original post states that the large short position began establishing positions on May, and November; since then, this address has continuously taken profits, with its position size previously reaching 920000000 USD。
06
The original text states that this address was previously Hyperliquid a whale with the largest contract capital scale.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This information describes a ETH short position: the holder is betting on a price decline, but the current token price listed in the original text is higher than the average price, so the page shows an expanded unrealized loss. The liquidation price is the risk reference price provided in the original text; it does not mean that the price will necessarily be reached or that liquidation will necessarily occur.
Why it matters to readers
If the address attribution and position data are accurate, this is a relatively large ETH short position. Its losses, position reductions, or liquidation status may attract market participants' attention; however, changes in a single address's position cannot alone demonstrate an overall market trend.
Beginners should view this as a position snapshot of a single address, not as a buy or sell signal. An unrealized loss does not yet equal a realized loss, and the address label, margin, and position status still require verification.
Risks and unknowns
The original text does not provide independent evidence that this address indeed belongs to Abraxas Capital。
The position size, profit and loss, average entry price, current coin price, and liquidation price were not independently verified against on-chain or platform sources in the original text.
The original text does not specify the respective times to which the sets of profit-and-loss data correspond.
The original text does not specify the year corresponding to “May” and “November”.
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This information alone cannot confirm whether the address will continue holding, reduce its position, add margin, close its position, or be liquidated.
The original text does not explain 920000000 USD the calculation basis for the historical position size.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
