Abraxas Capital Main address ETH short position unrealized loss widens to 6799300 USD
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The monitoring post stated that Abraxas Capital the main address's ETH short position unrealized loss widened to 6799300 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position unrealized loss widens!
▫️ P&L: -4,776,499.49 USD (-9.47%) → -6,799,317.44 USD (-13.38%)
▫️ Average entry price: 2,322.73 USD▫️ Current price: 2,386.59 USD▫️ Liquidation price: 4,150.14 USD▫️ Position size: 254,087,227.74 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and this address was previously the whale with the largest contract position size on Hyperliquid.November, this address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post labels address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as the “Abraxas Capital main address.”
02
The post stated that this ETH short position's P&L changed from -4,776,499.49 USD（-9.47%) to -6,799,317.44 USD（-13.38%）。
03
The post listed the average entry price as 2,322.73 USD, the current price as 2,386.59 USD, and the liquidation price as 4,150.14 USD。
04
The position size listed in the post was 254,087,227.74 USD。
05
The post's note stated that the large short position was opened on May, and the address has 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 generally profit when prices fall. The post shows that the current price is above the short position's average entry price; therefore, the position is at an unrealized loss, and both the listed loss amount and loss percentage have increased from before. “Unrealized loss” refers to a book loss that has not yet been finally realized by closing the position.
Why it matters to readers
The post describes a relatively large ETH short position. If the address subsequently adjusts its position, the related changes may draw market participants' attention; however, the post itself cannot prove how the position will change, nor can it determine ETH price trends.
Beginners should focus on the distance between the current price, average entry price, and liquidation price, as well as whether the position size and unrealized loss continue to change. They should not make trading decisions based solely on a monitoring post about a single address.
Risks and unknowns
The original text did not provide independently verifiable on-chain position records or exchange records.
The original text alone cannot confirm that this address is controlled by Abraxas Capital.
The specific collection time corresponding to the “current price” and position data was not specified.
May and November the year was not specified.
The liquidation price may change with the position, margin, or platform rules; the original text did not specify the relevant conditions.
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Related concepts
Short Position
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