HyperInsight labeled it as the Abraxas Capital main address's ETH short position's unrealized loss narrows
BIBIBI
AT A GLANCE
The post says that the Abraxas Capital main address's ETH unrealized loss on the short position narrowed from 37930000 USD to 35670000 USD。
Article
🐳【Abraxas Capital Primary address】ETH Short position unrealized loss narrowing!
▫️ P&L: -37,930,872.57 USD (-68.03%) → -35,672,797.72 USD (-64.50%)
▫️ Average entry price: 2,304.06 USD▫️ Current coin price: 2,645.29 USD▫️ Liquidation price: 4,263.68 USD▫️ Position size: 276,540,991.26 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position was opened starting May; previously, this was the whale with the largest contract capital on Hyperliquid.November Since 920000000 USD. 🔥
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Key points
01
The P&L listed in the post changed from -37,930,872.57 USD（-68.03%）to -35,672,797.72 USD（-64.50%）。
02
The average entry price listed in the post is 2,304.06 USD, the current coin price is 2,645.29 USD, and the liquidation price is 4,263.68 USD。
03
The position size listed in the post is 276,540,991.26 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post says that this large short position was opened on May, and claims that this address has been taking profits continuously 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 typically profit when the coin price falls and incur losses when it rises. The post indicates that the current coin price is higher than the average entry price, so the position remains at an unrealized loss; however, the stated loss amount and loss percentage have both decreased from previously, hence the description “narrowing unrealized loss.” The liquidation price is the price listed in the post that could potentially trigger forced liquidation.
Why it matters to readers
If the post's data is accurate, this is a relatively large ETH short position, whose unrealized loss, liquidation price, and subsequent changes in the position may attract market participants' attention. However, this article does not prove that the position has already been closed, nor does it prove that it affected ETH prices.
For newcomers, it is important to distinguish between “a narrowing unrealized loss” and “already being profitable”: this still shows an unrealized loss of approximately 35670000 USD a floating loss; it simply means the loss is smaller than before. Note also that the address label and position figures have not yet been independently verified.
Risks and unknowns
The post alone cannot confirm that this address indeed belongs to Abraxas Capital。
Cannot be independently verified based solely on the post ETH Position direction, size, profit and loss, average price, and liquidation price.
The post does not specify the years corresponding to May and November.
Related Developments
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The post does not specify the respective dates to which the sets of profit and loss data correspond.
The post does not prove that this position has undergone any new take-profit, position-reduction, or position-closing transaction.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
