Abraxas Capital Main address ETH short position unrealized loss narrows to 46810500 USD
BIBIBI
AT A GLANCE
The channel said that the Abraxas Capital short position labeled as the ETH had seen its unrealized loss narrow.
Article
🐳【Abraxas Capital Main address】ETH Short position unrealized loss narrows!
▫️ P&L: -48,855,355.09 USD (-84.31%) → -46,810,542.86 USD (-81.36%)
▫️ Average entry price: 2,304.06 USD▫️ Current coin price: 2,751.83 USD▫️ Liquidation price: 4,049.69 USD▫️ Position size: 287,678,736.40 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened in May, and this address was previously the whale with the largest contract position on Hyperliquid.November Since then, this address has continued taking profits, with its position size previously reaching 920000000 USD。 🔥
Key points
01
The post stated that the ETH short position's P&L changed from -48,855,355.09 USD（-84.31%) to -46,810,542.86 USD（-81.36%）。
02
The average entry price listed in the post was 2,304.06 USD, the current coin price was 2,751.83 USD, and the liquidation price was 4,049.69 USD。
03
The position size listed in the post was 287,678,736.40 USD。
04
The address given in the post was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post stated that the large short position was opened in May and that this address had continued taking profits since November.
06
The post stated that this address's position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions generally benefit when the ETH price falls and incur losses when it rises. The loss figure here remains negative, but both the absolute amount and the loss percentage have decreased, which is why the original text describes the unrealized loss as having narrowed. These data and the address label are claims made by the channel.
Why it matters to readers
This position is large, and its listed P&L, position changes, and liquidation price may attract the attention of market participants; however, based solely on this channel post, it is not possible to determine ETH subsequent price movement.
Beginners can view this as a status update on a large ETH short position, and should not treat data from a single address or channel directly as a trading signal.
Risks and unknowns
Whether the address indeed belongs to Abraxas Capital, the original text provided no independent verification.
The position size, P&L, average entry price, current coin price, and liquidation price have not been independently verified against on-chain or platform records.
The original text only says “May” and “November”, without specifying the exact years.
The ETH price direction cannot be inferred solely from this address's position.
It is unknown whether this position has since been increased, reduced, or closed.
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Related concepts
Short Position
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