Abraxas Capital The wallet labeled as the main address ETH saw its short position's unrealized loss narrow to 8660000 USD
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AT A GLANCE
The post stated that the wallet labeled as the Abraxas Capital main address held approximately 256000000 USD ETH short position, with the unrealized loss narrowing to approximately 8660000 USD。
Article
🐳【Abraxas Capital Main address]ETH Short position unrealized loss narrows!
▫️ P&L: -11,033,619.80 USD (-21.38%) → -8,661,923.33 USD (-16.94%)
▫️ Average price: 2,322.65 USD▫️ Current token price: 2,404.09 USD▫️ Liquidation price: 4,113.19 USD▫️ Position size: 255,685,896.62 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May, and the wallet was previously the whale with the largest contract capital on Hyperliquid.November Starting 920000000 USD。 🔥
Key points
01
The post labeled the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital main address.”
02
The post stated that the ETH short position's unrealized loss narrowed from 11,033,619.80 USD（-21.38%) to 8,661,923.33 USD（-16.94%）。
03
The average price listed in the post was 2,322.65 USD, the current token price was 2,404.09 USD, and the liquidation price was 4,113.19 USD。
04
The position size listed in the post was 255,685,896.62 USD。
05
The post stated that the large short position was opened starting May, and November starting 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position typically profits when an asset's price falls and loses when it rises. According to the post's data, the position remains at an unrealized loss, but both the loss amount and loss percentage have declined from previously. “Unrealized loss” is a book loss that has not yet been finalized through closing the position.
Why it matters to readers
This set of data shows the position size, unrealized loss, and liquidation price of a large ETH short position, and can be used to observe the address's risk exposure and position changes.
Beginners should distinguish between unrealized loss and realized loss, and note that the position of a large address does not necessarily indicate the market's direction and cannot be used directly as a basis for trading.
Risks and unknowns
The original text provided no evidence that the address is controlled by Abraxas Capital.
The position, price, and P&L data come solely from the monitoring post and have not been independently verified.
The original text did not specify the exact years for “May” and “November”.
The original text did not confirm whether the address subsequently continued to take profits, reduce its position, or close it.
The original text did not specify the precise collection time corresponding to these data.
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Related concepts
Short Position
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