HyperInsight stated that the Abraxas Capital-labeled main address’s ETH short position’s unrealized loss narrowed to approximately 37930000 USD
BIBIBI
AT A GLANCE
The post stated that the Abraxas Capital short position of the address labeled ETH main address saw its unrealized loss narrow.
Article
🐳【Abraxas Capital Main address】ETH Short position’s unrealized loss narrows!
▫️ P/L: -40,251,671.73 USD (-71.59%) → -37,930,872.57 USD (-68.03%)
▫️ Average entry price: 2,304.06 USD▫️ Current token price: 2,666.89 USD▫️ Liquidation price: 4,223.54 USD▫️ Position size: 278,799,066.12 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be built on May, and the address was previously a whale with the largest contract capital size on Hyperliquid.November, the address has continuously taken profits, with its position size previously reaching 920000000 USD. 🔥
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Key points
01
The post stated that this address’s ETH short position P/L changed from -40,251,671.73 USD（-71.59%） to -37,930,872.57 USD（-68.03%）。
02
The post listed the ETH short position’s average entry price as 2,304.06 USD, the current token price as 2,666.89 USD, and the liquidation price as 4,223.54 USD。
03
The position size listed in the post was 278,799,066.12 USD。
04
The post stated that this address was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post stated that the Abraxas Capital large short position began to be built on May, and that from November onward, the address continuously took profits, with its position size previously reaching 920000000 USD。
06
The post stated that this address was previously a whale with the largest contract capital size on Hyperliquid.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a position that bets on a price decline. Here, “unrealized loss narrows” means that the unrealized loss described in the post has decreased, but it does not mean the position has been closed or has become profitable.
Why it matters to readers
This is position information for a relatively large single address, which may help track changes in the address’s risk; however, this post alone cannot determine the overall price direction of ETH.
Beginners should distinguish between unrealized and realized P/L, and should not treat a single address’s position as a market trend.
Risks and unknowns
The above position, address label, and data are from a single Telegram post; the evidence does not provide independent on-chain verification.
It cannot be confirmed from the evidence alone whether Abraxas Capital actually controls this address.
It cannot be confirmed whether this address still holds the same position, or whether it has increased, reduced, or closed the position.
The evidence does not specify the years corresponding to “May” and “November”.
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Related concepts
Short Position
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