Abraxas Capital The labeled address reportedly increased its ZEC short position, with a position size of approximately 54150000 USD
BIBIBI
AT A GLANCE
A Telegram channel stated that a wallet labeled Abraxas Capital main address increased its holdings by 558.23 units of ZEC short positions.
Article
🐳 【Abraxas Capital Main address】ZEC Short position rolled over!
💰ZEC Increased short position 558.23 coins, approximately equivalent to 2,125,797.22 USD▫️ Position size: 54,154,494.15 USD▫️ Average price: 1,501.26 USD → 1,499.51 USD▫️ Current P&L: +4,835,336.86 USD (+26.79%)
▫️ Current coin price: 1,376.60 USD▫️ Liquidation price: 4,837.21 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was first established in May; previously, it was the whale with the largest contract capital size.Hyperliquid the whale with the largest contract capital size.November Since then, the address has continued taking profits, with its position size previously reaching 920000000 USD。 🔥
Key points
01
The Telegram channel headline stated that the “Abraxas Capital Main Address” conducted a ZEC short-position rollover.
02
The channel stated that the ZEC increased its short position by 558.23 coins, approximately equivalent to 2,125,797.22 USD。
03
The position size listed in the text is 54,154,494.15 USD, with the average price changing from 1,501.26 USD to 1,499.51 USD。
04
The current P&L listed in the text is +4,835,336.86 USD（+26.79%), and the current coin price is 1,376.60 USD, with a liquidation price of 4,837.21 USD。
05
The address listed in the article was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The channel said that the large short position was initiated on May, and the address has continued to take profits since November, with the position size having previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a position-monitoring update posted by a Telegram channel: the channel labeled an address as the Abraxas Capital main address, and claimed that the address increased its ZEC short position. A short position generally indicates a directional bet that the price will fall, but the address attribution, position, and profit-and-loss data have not yet been independently verified.
Why it matters to readers
If the position data disclosed by the channel is accurate, this indicates that the ZEC short position reported for this address has increased; however, information from a single address cannot represent overall market trends.
Beginners should distinguish between “channel disclosures” and “verified facts,” and note that short positions carry liquidation risk; data from a single address alone cannot support a conclusion.ZEC Subsequent price.
Risks and unknowns
The original text did not provide independently verifiable on-chain or platform position evidence.
Whether the address indeed belongs to Abraxas Capital, which the original text did not substantiate.
The calculation methodology and sources for position size, average price, P&L, and liquidation price are not specified.
The original text does not specify May and November the corresponding years.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
