Abraxas Capital main address reportedly adds 19.08 BTC shorts, with a position of approximately 196 million US dollars
BIBIBI
AT A GLANCE
The post states that the Abraxas Capital main address added 19.08 BTC shorts and currently has an unrealized loss of approximately 26.12 million US dollars.
Article
🐳 【Abraxas Capital main address】BTC short position has been averaged down!
💰 BTC short position increased by 19.08, worth approximately 2,045,790.50 US dollars
▫️ Position size: 196,128,405.74 US dollars
▫️ Average entry price: 73,641.20 US dollars → 73,735.00 US dollars
▫️ Current P&L: -26,122,720.93 US dollars (-66.60%)
▫️ Current price: 85,064.97 US dollars
▫️ Liquidation price: 139,821.34 US dollars
🔥 Note: The large Abraxas Capital short position began building in May. Previously, it was the whale with the largest contract position size on Hyperliquid. Since November, this address has continued taking profits; its position size had previously reached 920 million US dollars. 🔥
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Key points
01
The post states that the “Abraxas Capital main address” added 19.08 BTC shorts, worth approximately 2,045,790.50 US dollars.
02
The position size is 196,128,405.74 US dollars.
03
The average entry price changed from 73,641.20 US dollars to 73,735.00 US dollars.
04
Current P&L is -26,122,720.93 US dollars (-66.60%).
05
The post lists the current price as 85,064.97 US dollars and the liquidation price as 139,821.34 US dollars.
06
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The note states that the large short position began building in May, that the address has continued taking profits since November, and that its position size had previously reached 920 million US dollars.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This post describes a BTC short-position address continuing to increase its position and lists the position value, average entry price, unrealized loss, and liquidation price. A short position benefits from a decline in BTC price; “averaging down” is the post’s description of this increase and the change in average entry price.
Why it matters to readers
The address’s short position is close to 196 million US dollars, and the post shows a current loss of 66.60%; its subsequent position changes and liquidation price therefore warrant attention.
Beginners can treat this as a position snapshot for a single large address and should not use this address alone to determine BTC’s next price direction.
Risks and unknowns
The post alone cannot confirm that the address belongs to Abraxas Capital.
It cannot be confirmed whether the position, P&L, price, and liquidation-price data are accurate or remain valid.
The original text does not specify the years for “May” and “November.”
The original text does not provide a calculation methodology or an independent verification source.
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Related concepts
Short position
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