Monitoring post claims address labeled as Abraxas increased ZEC short position
BIBIBI
AT A GLANCE
The post claims that the Abraxas Capital main address increased its ZEC short position by 494.87 coins and that it currently has an unrealized loss of 17.32%.
Article
🐳 【Abraxas Capital Main Address】ZEC Short Position Averaged Down!
💰 Increased ZEC short position by 494.87 coins, equivalent to approximately 2,274,938.92 USD
▫️ Position size: 32,284,992.90 USD
▫️ Average price: 1,417.39 USD → 1,422.81 USD
▫️ Current P&L: -1,864,276.88 USD (-17.32%)
▫️ Current coin price: 1,510.00 USD
▫️ Liquidation price: 8,972.88 USD
🔥 Note: Abraxas Capital began building this large short position in May. The address was previously the whale with the largest contract position on Hyperliquid. Since November, the address has continued taking profits; its position size previously reached 920 million USD. 🔥
The ZEC short position increased by 494.87 coins; the post states that this was equivalent to approximately 2,274,938.92 USD.
02
The position size was 32,284,992.90 USD.
03
The average price changed from 1,417.39 USD to 1,422.81 USD.
04
The current P&L was -1,864,276.88 USD (-17.32%).
05
The current coin price listed in the post was 1,510.00 USD, and the liquidation price was 8,972.88 USD.
06
The address listed in the post was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The note states that this large short position began being built in May, that the address has continued taking profits since November, and that its position size previously reached 920 million USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position typically profits when the coin price falls. Here, “averaging down” means continuing to add to the short position while the average entry price changed from 1,417.39 USD to 1,422.81 USD; the post showed that the position was at an unrealized loss at the time.
Why it matters to readers
These data reflect changes in a large address's ZEC short position and show its position size, unrealized loss, and liquidation price.
Beginners can use this to understand contract metrics such as adding to a short position, average price, unrealized P&L, and liquidation price, but should not make trading decisions based solely on activity from a single address.
Risks and unknowns
The post alone cannot confirm that this address is controlled by Abraxas Capital.
It cannot be confirmed whether the listed position, coin price, P&L, and liquidation price are accurate or still current.
The years for “May” and “November” are not specified.
The post does not explain the data extraction method or the specific measurement time.
The accuracy of the claims that this was previously the whale with the largest contract position on Hyperliquid and that the position size previously reached 920 million USD cannot be confirmed.
Related Developments
Loading event timeline…
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
