HyperInsight stated that the Abraxas Capital short position of the address labeled as the main address of ETH saw its unrealized loss expand to approximately 40470000 USD
BIBIBI
AT A GLANCE
The post stated that the Abraxas Capital short position of the “main address” of ETH saw its unrealized loss expand to 40471200 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position unrealized loss expands!
▫️ P&L: -38,464,029.14 USD (-68.85%) → -40,471,206.78 USD (-71.93%)
▫️ Average entry price: 2,304.06 USD▫️ Current token price: 2,691.19 USD▫️ Liquidation price: 4,355.71 USD▫️ Position size: 281,339,400.33 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and the address was previously a whale with the largest contract capital scale on Hyperliquid.November, the address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
The P&L listed in the post changed from -38,464,029.14 USD（-68.85%） to -40,471,206.78 USD（-71.93%）。
02
The average entry price listed in the post is 2,304.06 USD, the current token price is 2,691.19 USD, and the liquidation price is 4,355.71 USD。
03
The position size listed in the post is 281,339,400.33 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post stated that the large short position was opened on May, and that the address had continuously taken profits since November, with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when ETH falls in price and lose when it rises. The current token price listed in the post is higher than the average entry price for the short position, thus showing an unrealized loss; the liquidation price is the potential forced-close price given in the post, but these data have not been independently verified.
Why it matters to readers
The post shows a relatively large ETH short position and changes in its unrealized loss, which may be used to observe whether the position is being reduced, has added margin, or is approaching liquidation; a single address's position cannot prove whether ETH will rise or fall afterward.
Beginners can understand this as an address betting that ETH will decline, but based on the post's data, the current price movement is unfavorable to the position. Do not make trading decisions based solely on one address's P&L.
Risks and unknowns
The original text does not provide an on-chain page or transaction records that can independently verify this position.
The original text alone cannot confirm that this address is indeed the main address of Abraxas Capital.
It cannot be confirmed whether the prices, P&L, position size, and liquidation price listed in the post are accurate or remain valid.
The original text does not specify the years corresponding to “May” and “November”.
The original text does not provide verification evidence for the claim that it “was previously a whale with the largest contract capital scale on Hyperliquid.”
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Related concepts
Short Position
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