Abraxas Capital Main address BTC short position unrealized loss narrowed, with the position size at approximately 235000000 USD
BIBIBI
AT A GLANCE
The post stated that Abraxas Capital the main address's BTC short position unrealized loss narrowed to -23,645,044.75 USD, which has not been verified.
Article
🐳【Abraxas Capital Main address】BTC Short position unrealized loss narrowing!
▫️ P&L: -26,438,754.58 USD (-55.50%) → -23,645,044.75 USD (-50.22%)
▫️ Average entry price: 75,949.40 USD▫️ Current coin price: 84,430.00 USD▫️ Liquidation price: 134,589.13 USD▫️ Position size: 235,402,117.32 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened from May; previously, this was the whale with the largest contract position on Hyperliquid.November Since then, this address has continued to take profits; its position size previously reached 920000000 USD。 🔥
Key points
01
The post stated that this BTC short position's P&L changed from -26,438,754.58 USD（-55.50%) to -23,645,044.75 USD（-50.22%）。
02
The average entry price listed in the post was 75,949.40 USD, the current coin price was 84,430.00 USD, and the liquidation price was 134,589.13 USD。
03
The position size listed in the post was 235,402,117.32 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post stated that the large short position was opened from May and that the address had continued to take profits since November, with the 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 the BTC price falls and incur losses when it rises. Here, “unrealized loss narrowing” means that the unrealized loss amount listed in the post has decreased, but the position remains loss-making; it does not mean that a profit has actually been realized or that the position has been closed.
Why it matters to readers
The post showed a large BTC short position whose P&L, position size, and liquidation price can be used to observe the address's position risk and subsequent changes; however, these data lack independent verification.
Beginners should treat this as a position clue for a single address, rather than a BTC price direction conclusion. The key is to distinguish between unrealized and realized losses, and to note that large-position data may change rapidly with the coin price and trading activity.
Risks and unknowns
The provided materials contain no independent on-chain verification, so it is impossible to confirm whether the listed position and P&L data are accurate or still valid.
The post alone cannot confirm that this address is controlled by Abraxas Capital.
“May” and “November” do not specify a year.
The post stated that the address continued to take profits, but provided no specific number of profit-taking transactions, amounts, or execution records.
The provided materials do not indicate the actual impact of this position change on the BTC market price.
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BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
