Telegram channel says Abraxas Capital the labeled address increased its SILVER short position by approximately 2280000 USD
BIBIBI
AT A GLANCE
The post says that the wallet labeled Abraxas Capital's main address increased its SILVER short position by 35,000 units.
Article
🐘 【Abraxas Capital Main Address] Rollover of SILVER short position!
💵 Instrument: Increased SILVER short position by 35,000.00 units, equivalent to approximately 2,279,414.80 USD✦ Position size:18,740,462.84 USD✦ Average entry price:64.67 USD → 64.62 USD✦ Current P&L:+90,184.13 USD (+2.41%)
✦ Current price:64.31 USD✦ Liquidation price:530.86 USD📌 Address:0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting in May, and was previously the whale with the largest contract position size on Hyperliquid.November, the address continuously took profits; its position size had previously reached 920000000 USD. 🔥
On-chain Perp live-trading social network graph. View the most comprehensive on-chain Hyperliquid data:https://www.tradingbeats.xyz
Key points
01
The post says the SILVER short position was increased by 35,000.00 units, equivalent to approximately 2,279,414.80 USD。
02
The post lists the position size as 18,740,462.84 USD。
03
The post lists the average entry price as changing from 64.67 USD to 64.62 USD。
04
The post lists current P&L as+90,184.13 USD（+2.41%）。
05
The post lists the current price as 64.31 USD, and the liquidation price as 530.86 USD。
06
The post provides the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The post says the large short position was opened starting in May, and November the address continuously took profits; its position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position generally bets on a price decline. “Increasing a short position” means that the address labeled in the post expanded its position in that direction; the average entry price, current P&L, and liquidation price are position-status data provided by the post.
Why it matters to readers
If the data and address label are accurate, this increase indicates that the address continues to hold a position betting on a decline in SILVER. However, activity from a single address cannot independently represent the market's overall direction.
Beginners can view this as a position update for one large address, not as trading advice; they should first verify the address ownership, actual position, and data timestamp.
Risks and unknowns
The material provides no independent on-chain records or trading-platform data, so the position, trade direction, and figures cannot be verified.
It cannot be confirmed that this wallet is controlled by Abraxas Capital.
The original text states only “May” and “November” without specifying the year.
The material does not confirm the exact time at which these data were collected.
It cannot be confirmed whether the address subsequently continued increasing, reducing, closing, or reversing the position.
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Related concepts
Short Position
A contract position taken when a trader expects the underlying asset's price to fall.
