HyperInsight says Abraxas Capital-labeled address's ZEC short position's unrealized profit has narrowed
BIBIBI
AT A GLANCE
The post says a wallet labeled as Abraxas Capital's main address holds a ZEC short position whose unrealized profit has narrowed.
Article
🐳【Abraxas Capital Main Address]ZEC Short Position Unrealized Profit Narrows!
▫️ P&L: +12,953,780.52 USD (+83.82%) → +10,875,493.04 USD (+67.36%)
▫️ Average Entry Price: 1,478.36 USD▫️ Current Token Price: 1,207.30 USD▫️ Liquidation Price: 4,106.90 USD▫️ Position Size: 48,438,542.07 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting on May, and the holder was previously the whale with the largest derivatives position by capital on Hyperliquid.November Since then, the address has continued to take profits; its position size previously reached 920000000 USD。 🔥
Key points
01
The post labeled the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital main address.”
02
The post says the ZEC short position's unrealized profit narrowed from 12,953,780.52 USD（83.82%) to 10,875,493.04 USD（67.36%）。
03
The post lists an average entry price of 1,478.36 USD, a current token price of 1,207.30 USD, and a liquidation price of 4,106.90 USD。
04
The position size listed in the post is 48,438,542.07 USD。
05
A note in the post stated that the large short position was opened starting on May, and that the address had been November continuously taking profits since.
06
The post says the address's position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position generally profits when the price falls. The data in the post show that the position still has an unrealized profit, but both the amount and percentage have declined from their previous levels. Here, “unrealized profit” is a paper gain on a position that has not yet been closed, not profit that has already been realized.
Why it matters to readers
The position is large, and any subsequent reduction, closure, or move toward its liquidation price warrants attention. However, the post does not provide sufficient evidence to independently verify the address's ownership or the position data.
Beginners can use this to learn about short positions, unrealized profit, and liquidation prices, but should not make trading decisions based solely on a single post or a large holder's position.
Risks and unknowns
The evidence cannot confirm that the address is controlled by Abraxas Capital.
The P&L, token price, liquidation price, and position size in the post cannot be independently verified.
The evidence does not specify the exact times corresponding to the sets of unrealized profit figures.
The evidence does not provide transaction details for the opening of the position, the continued profit-taking, or the previously reported position size of 920000000 USD.
It is unknown whether the position will subsequently be reduced, closed, or liquidated.
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Related concepts
Short Position
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