Abraxas Capital Main address LINK The short position reportedly took profit and was reduced by 90,020.30 units
BIBIBI
AT A GLANCE
The Telegram post stated that Abraxas Capital the address reduced its position by 90,020.30 units LINK in a short position and made a profit.
Article
🐳 【Abraxas Capital Main address]LINK Short position take-profit!
💰LINK Short position reduced by 90,020.30 units, equivalent to approximately 2,025,586.19 USD▫️ Position size: 5,199,666.62 USD▫️ Average entry price: 13.61 USD▫️ Current profit/loss: +624,145.00 USD (+36.01%)
▫️ Current token price: 12.15 USD▫️ Liquidation price: 469.23 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May; previously, it was Hyperliquid the largest whale by contract capital size.November Starting then, the address has continued taking profit; its position size previously reached 920000000 USD。 🔥
Key points
01
The post stated that Abraxas Capital the main address reduced its position by 90,020.30 units LINK in a short position, equivalent to approximately 2,025,586.19 USD。
02
The position size listed in the post was 5,199,666.62 USD, with an average entry price of 13.61 USD。
03
The current profit/loss listed in the post was 624,145.00 USD, with a return rate of 36.01%。
04
The current token price listed in the post was 12.15 USD, and the liquidation price was 469.23 USD。
05
The post described the address as 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The post stated that Abraxas Capital the large short position was opened starting May, and November the address 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.
A short position is a position that bets on an asset’s price declining. The post stated that the address reduced part of its LINK short position and recorded positive unrealized profit/loss; this information comes from a Telegram post and has not been independently verified.
Why it matters to readers
If the post data are accurate, reducing a short position indicates that the address reduced part of its bearish bet, but the actions of a single address do not represent LINK the overall trend.
This is a report about changes in a large holder’s derivatives position. Beginners should distinguish between position data in the post and facts that have been independently confirmed.
Risks and unknowns
The information comes from a Telegram post; no independently verifiable on-chain position or transaction records were provided.
The evidence alone cannot confirm whether the reduction actually occurred or whether it was equivalent to closing the position.
The evidence cannot determine the impact of this action on LINK the overall price.
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Related concepts
Short Position
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