Abraxas Capital The labeled main address reduced its SOL short position 2,781.12 units
BIBIBI
AT A GLANCE
The monitoring channel stated that the wallet labeled Abraxas Capital main address reduced its 2,781.12 units SOL short position.
Article
🐳 【Abraxas Capital Main Address】SOL Short position cuts losses!
💰SOL Short position reduced by 2,781.12 tokens, approximately 2,055,837.43 USD▫️ Position size: 78,316,731.49 USD▫️ Average price: 94.32 USD▫️ Current P&L: -10,211,754.34 USD (-91.27%)
▫️ Current token price: 108.46 USD▫️ Liquidation price: 313.30 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be established at May, and was previously the whale with the largest contract capital size.Hyperliquid November; since then, this address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The original post stated that the SOL short position was reduced by 2,781.12 units, equivalent to approximately 2,055,837.43 USD。
02
The original post disclosed a position size of 78,316,731.49 USD, with an average entry price of 94.32 USD。
03
The original post disclosed current profit/loss of -10,211,754.34 USD（-91.27%）。
04
The original post disclosed a current token price of 108.46 USD, and a liquidation price of 313.30 USD。
05
The address listed in the original post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The original text stated that the large short position began to be established at May; this address has continuously taken profits since November, and its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Short position reduction” means that the address reduced its position betting on a SOL price decline. The original post described this action as “cutting losses” and also provided data such as the remaining position, average entry price, profit/loss, and liquidation price; however, all of this came from the monitoring channel's disclosure.
Why it matters to readers
If the disclosure is accurate, this indicates that the address's SOL bearish position has decreased. However, actions by a single address cannot directly represent the SOL overall market direction.
Beginners may view this as a signal of a position change by a large account, rather than as trading advice. Focus on whether the position continues to change and whether the related data can be independently verified.
Risks and unknowns
The original post did not include independently verifiable on-chain position records.
The original text alone cannot confirm that this address is controlled by Abraxas Capital.
The specific relationship between the descriptions “cutting losses” and “continuing to take profits” and the listed current loss data was not explained.
The May、November in the original post did not specify a year.
It is not possible to determine the SOL subsequent price trend or overall market impact based on a single address alone.
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Related concepts
Short Position
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