Labeled as Abraxas Capital primary address's SOL short position's unrealized loss narrowed to approximately 10390000 USD
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AT A GLANCE
A wallet's SOL short position's unrealized loss has narrowed, but it remains loss-making.
Article
🐳【Abraxas Capital Primary address】SOL Short position's unrealized loss narrows!
▫️ P&L: -13,065,473.51 USD (-157.32%) → -10,394,170.84 USD (-129.32%)
▫️ Average entry price: 94.31 USD▫️ Current token price: 108.32 USD▫️ Liquidation price: 340.66 USD▫️ Position size: 80,376,529.29 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and it was previously the whale with the largest contract capital size.Hyperliquid whale with the largest contract capital size.November onwards, this address has continuously taken profits; its position size previously reached 920000000 USD。 🔥
Key points
01
This address's SOL short position's P&L changed from -13,065,473.51 USD（-157.32%） to -10,394,170.84 USD（-129.32%）。
02
SOL The average entry price of the short position is 94.31 USD, the current token price is 108.32 USD, and the liquidation price is 340.66 USD。
03
The position size is 80,376,529.29 USD。
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The address is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The original text describes this address as the Abraxas Capital primary address and states that its large short position was opened on May.
06
The original text states that this address was previously the Hyperliquid whale with the largest contract capital size, and that it has 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.
A short position is established in anticipation of a price decline. The current token price is above the average entry price, so the position still shows a loss; the report indicates that the loss amount has narrowed. The liquidation price is the price at which the position may be forcibly closed.
Why it matters to readers
This indicates that the address still has a sizeable SOL short position, but a single address's position cannot prove that the SOL price will necessarily fall.
Beginners can use this to understand the relationship among short positions, average entry price, unrealized losses, and liquidation prices; a change in unrealized loss does not represent final realized P&L.
Risks and unknowns
The information comes from a Telegram channel; the original text does not provide independently verifiable on-chain or exchange evidence.
Abraxas Capital The attribution of this address was not independently verified in the original text.
The position size, P&L, and profit-taking activity may change.
This information alone cannot confirm that the position will directly affect SOL spot or futures prices.
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Related concepts
Short Position
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