🔥 Note: Abraxas Capital began building this large short position in May and was previously the largest whale by contract position size on Hyperliquid. Since November, this address has continued taking profits; its position size previously reached 920 million USD. 🔥
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Key points
01
The post's title refers to the address as the “Abraxas Capital Main Address.”
02
The HYPE short position increased by 4,343.18 tokens, equivalent to approximately 2,049,047.78 USD.
03
The position size is 66,261,857.94 USD.
04
The average price changed from 70.01 USD to 70.18 USD.
05
The current P&L is -18,636,177.08 USD (-140.63%).
06
The current token price is 97.64 USD, and the liquidation price is 277.00 USD.
07
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
08
The post says 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.
This post presents HYPE short-position data for an address identified as the Abraxas Capital Main Address, including the increased quantity, position size, average price, P&L, current token price, and liquidation price. A short position is a position that bets on a price decline; the current P&L listed in the post is negative.
Why it matters to readers
These data points reflect the size, price level, and unrealized P&L of the address's HYPE short position and can be used to observe changes in its position.
Beginners should focus on distinguishing the average price, current token price, P&L, and liquidation price. A large position and significant negative P&L also indicate the need to consider risk rather than treating the address's actions as trading advice.
Risks and unknowns
The original text provides no on-chain records or other materials to verify the address attribution.
The original text does not specify the data methodology or collection time.
“May” and “November” do not specify a year.
The original text does not explain how the approximate USD amount, P&L percentage, or liquidation price was calculated.
The subsequent status of the relevant position cannot be confirmed from the original text alone.
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Related concepts
Short position
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