The wallet labeled Abraxas Capital as the main address's ZEC short-position unrealized profit narrowed to approximately 6280000 USD
BIBIBI
AT A GLANCE
The post stated that the Abraxas Capital wallet labeled as the main address's ZEC short-position unrealized profit narrowed from 8610000 USD to 6280000 USD。
Article
🐳【Abraxas Capital Main address]ZEC Short position unrealized profit narrowing!
▫️ P&L: +8,611,575.83 USD (+52.08%) → +6,284,711.03 USD (+36.30%)
▫️ Average entry price: 1,501.26 USD▫️ Current coin price: 1,339.20 USD▫️ Liquidation price: 4,911.56 USD▫️ Position size: 51,935,622.34 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began being built in May; previously, it was Hyperliquid the whale with the largest contract capital position.November Since then, this address has continued taking profit; its position size previously reached 920000000 USD。 🔥
Key points
01
The post listed the P&L change as +8,611,575.83 USD（+52.08%) to +6,284,711.03 USD（+36.30%）。
02
The average entry price listed in the post was 1,501.26 USD, the current coin price was 1,339.20 USD, and the liquidation price was 4,911.56 USD。
03
The position size listed in the post was 51,935,622.34 USD。
04
The address provided in the post was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post stated that the large short position began being built in May and that the address had continued taking profit since November.
06
The post stated that the address's position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions generally profit when the underlying asset's price falls. The post shows that this ZEC short position remains profitable, but its unrealized profit fell from approximately 8610000 USD to approximately 6280000 USD; “unrealized profit narrowing” does not mean that the position is already at a loss, nor that the profit has been fully realized.
Why it matters to readers
Approximately 51940000 USD A single-address position of ZEC may attract traders' attention, but this post only reflects the position data it claims for the address and cannot alone establish subsequent price direction or changes in market supply and demand.
Beginners can treat this as a large derivatives-position observation awaiting verification, and should not chase rises or sell into declines based solely on changes in a single address's unrealized profit; first verify the address attribution, position direction, size, and whether the position has already been closed.
Risks and unknowns
Whether the address actually belongs to Abraxas Capital has not been independently verified.
ZEC The direction, size, P&L, average entry price, and liquidation price of the short position have not been independently verified.
“May began being built in” and “November continued taking profit since” and “previously reached 920000000 USD” are historical descriptions that have not been independently verified.
The post did not specify the exact snapshot time for these data.
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The actual impact of a single-address position change on the ZEC price cannot be confirmed from the post.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
