Abraxas Capital Main address ZEC short position unrealized profit narrowed to 10420000 USD
BIBIBI
AT A GLANCE
The post says Abraxas Capital the main address’s ZEC short position unrealized profit narrowed from 12466600 USD to 10416200 USD。
Article
🐳【Abraxas Capital Main address】ZEC Short position unrealized profit narrowed!
▫️ P&L: +12,466,562.36 USD (+77.88%) → +10,416,176.79 USD (+62.41%)
▫️ Average entry price: 1,495.66 USD▫️ Current coin price: 1,238.10 USD▫️ Liquidation price: 4,712.20 USD▫️ Position size: 50,070,658.29 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened in May; previously, this was the whale with the largest contract position size on Hyperliquid.November Since 920000000 USD。 🔥
Key points
01
The post lists the P&L change as +12,466,562.36 USD（+77.88%）to +10,416,176.79 USD（+62.41%）。
02
The post lists the average entry price as 1,495.66 USD, the current coin price as 1,238.10 USD, and the liquidation price as 4,712.20 USD。
03
The post lists the position size as 50,070,658.29 USD。
04
The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post says that the large short position was opened in May and that this address has continued taking profits since November.
06
The post says that this address’s position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when prices decline. The post shows that this position remains profitable, but both the unrealized profit amount and the rate of return have decreased, meaning that the unrealized profit has narrowed. The average entry price, current coin price, liquidation price, and position size in the text are data provided by the post.
Why it matters to readers
Approximately 50070000 USD has a relatively large single-address position, and its profit-taking or position changes may attract market participants’ attention; however, the original text does not prove that this position represents ZEC the overall market direction.
Beginners can understand this as an address holding a ZEC short position that is currently still profitable, but whose paper profit is lower than before. Do not decide whether to trade based solely on one address’s position.
Risks and unknowns
The original text does not provide independently verifiable on-chain records or calculation methods, so the authenticity and continued validity of the listed data cannot be confirmed.
Whether this address is actually controlled by Abraxas Capital cannot be confirmed based solely on the original text.
“May” and “November” do not specify a year.
“Previously the whale with the largest contract position size on Hyperliquid” and “the position size previously reached 920000000 USD” lack supporting verification materials.
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The original text does not explain the specific reason why the unrealized profit narrowed.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
