A Telegram channel described it as labeled Abraxas Capital The main address increased its ENA short position
BIBIBI
AT A GLANCE
A Telegram post said that a wallet labeled Abraxas Capital increased its ENA short position.
Article
🐳 【Abraxas Capital Main address】ENA Short position averaged down!
💰ENA Increase in short position of 5,399,005.00 units, equivalent to approximately 1,354,877.81 USD▫️ Position size: 6,912,426.25 USD▫️ Average price: 0.21 USD → 0.22 USD▫️ Current P&L: -662,961.60 USD (-95.91%)
▫️ Current token price: 0.24 USD▫️ Liquidation price: 5.33 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position was opened starting at May; previously, it was Hyperliquid the whale with the largest contract capital size.November Since, this address has continuously taken profits; its position size had previously reached 920000000 USD. 🔥
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Key points
01
The post said that the address increased its short position by 5,399,005 units ENA, equivalent to approximately 1,354,877.81 USD。
02
The position size listed in the post was 6,912,426.25 USD, and the average price changed from 0.21 USD to 0.22 USD。
03
The current P&L listed in the post was a loss of 662,961.60 USD, with a decline of 95.91%。
04
The current token price listed in the post was 0.24 USD, and the liquidation price was 5.33 USD。
05
The post described the address as 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The post said that the address has continuously taken profits since November; its position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position represents a bet that an asset's price will fall. The post claimed that a wallet labeled Abraxas Capital increased its ENA short position, but the information on these addresses, positions, and P&L has not been independently verified.
Why it matters to readers
If the address label and position data are accurate, this indicates that the address is still increasing its ENA downside exposure; however, the activity of a single address does not mean that the ENA price will necessarily fall.
Do not determine the price direction solely based on a single large short position; also verify the address ownership, platform position, and data source.
Risks and unknowns
The post did not provide on-chain or platform records that could be independently verified.
The available evidence alone cannot confirm that the address belongs to Abraxas Capital。
The calculation methodology for the listed position size, average price, and P&L cannot be confirmed.
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Related concepts
Short Position
A contract position taken when a trader expects the underlying asset's price to fall.
