Labeled as Abraxas Capital main address, the ZEC short position's unrealized profit expanded to approximately 8610000 USD
BIBIBI
AT A GLANCE
The post said that the Abraxas Capital short position of the address labeled as ZEC main address saw its unrealized profit expand to 8611600 USD。
Article
🐳【Abraxas Capital Main address]ZEC Short position unrealized profit expands!
▫️ P&L: +6,424,322.92 USD (+37.21%) → +8,611,575.83 USD (+52.08%)
▫️ Average entry price: 1,501.26 USD▫️ Current token price: 1,279.20 USD▫️ Liquidation price: 5,289.58 USD▫️ Position size: 49,608,757.54 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May; the address was previously described as a whale with the largest contract position size on Hyperliquid.November; since then, the address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post lists unrealized profit expanding from 6,424,322.92 USD（37.21%) to 8,611,575.83 USD（52.08%）。
02
The post lists the position's average entry price as 1,501.26 USD, the current token price as 1,279.20 USD, and the liquidation price as 5,289.58 USD。
03
The post lists the position size as 49,608,757.54 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post said the large short position was opened on May, and that the address had continuously taken profits since November, with its 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 token price falls. The current token price listed in the post is below the average entry price, indicating that this position has an unrealized profit; “unrealized profit” means a book gain not yet finally realized through fully closing the position.
Why it matters to readers
A single-address position of nearly 49610000 USD may draw traders' attention, but it reflects only the position reported for that address and cannot by itself prove whether the overall ZEC market will rise or fall next.
Beginners should treat this as an unverified update on a large position and should not copy trade based solely on the unrealized profit, direction, or purported identity label of a single address.
Risks and unknowns
Whether the address is in fact controlled by Abraxas Capital is not supported by verification materials in the original text.
The accuracy of the position, token price, P&L, and liquidation price, and the time to which they correspond, cannot be independently verified from the original text.
The original text does not state the years corresponding to “May” and “November.”
No evidence is provided for the claim that it “was previously a whale with the largest contract position size on Hyperliquid” or for the prior 920000000 USD position size.
It is unknown whether the address subsequently reduced, closed, or continued to hold the position.
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Related concepts
Short Position
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