HyperInsight says an address tagged as Abraxas Capital main address increased its ZEC short position
BIBIBI
AT A GLANCE
The post stated that the wallet labeled as Abraxas Capital the main address increased its holdings by 1,107.27 ZEC ZEC short positions.
Article
🐳 【Abraxas Capital Main address]ZEC Averaged down the short position!
💰ZEC Increased short position by 1,107.27 units, equivalent to approximately 2,867,477.99 USD▫️ Position size: 48,774,636.48 USD▫️ Average price: 1,464.98 USD → 1,469.01 USD▫️ Current P&L: -5,297,496.90 USD (-32.58%)
▫️ Current coin price: 1,648.00 USD▫️ Liquidation price: 6,612.98 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May; previously, it was the whale with the largest contract capital size.Hyperliquid the whale with the largest contract capital size.November Since then, this address has continued to take profits; its position size previously reached 920000000 USD. 🔥
On-chain Perp real-time social network graph; view the most comprehensive Hyperliquid on-chain data:https://www.tradingbeats.xyz
Key points
01
The post stated that it ZEC increased its short position by 1,107.27 units, equivalent to approximately 2,867,477.99 USD。
02
The position size listed in the post was 48,774,636.48 USD。
03
The post stated that the average price changed from 1,464.98 USD to 1,469.01 USD。
04
The post listed current profit/loss as -5,297,496.90 USD (-32.58%).
05
The current coin price listed in the post was 1,648.00 USD, and the liquidation price was 6,612.98 USD。
06
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The post annotation states that this large short position was opened from May and claims that this address has been continuously taking profits since November and that the position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Increasing a short position” means that the address mentioned in the post increased its ZEC short position; “averaging down” here refers to the listed average entry price changing after the position increased, from 1,464.98 USD to 1,469.01 USD. All positions, profit and loss, and address labels are statements made in the post and have not been independently verified.
Why it matters to readers
If the post data is accurate, this is a relatively large ZEC short position, and its subsequent additions, reductions, closure, or liquidation may attract the attention of market participants; however, a position held by a single address cannot confirm ZEC the subsequent price direction.
Beginners should view this as a large-holder position update pending verification and should not assess market conditions or follow trades based solely on this post.
Risks and unknowns
The post alone cannot confirm that the address is Abraxas Capital controlled.
It cannot be confirmed whether the accumulation amount, position size, average price, profit or loss, coin price, and liquidation price are accurate or still valid.
The post does not provide independently verifiable trade execution, margin, or complete position records.
The evidence does not include verification for claims that the position was opened in May, profits were taken continuously from November, and the position size had previously reached 920 million USD.
Related Developments
Loading event timeline…
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
