Abraxas Capital The main address increased its short position by approximately 7987000 units XPL; the position is approximately 5261000 USD
BIBIBI
AT A GLANCE
Telegram stated that Abraxas Capital increased its short position by approximately 7987000 units XPL; it currently has an unrealized loss of approximately 541000 USD。
Article
🐳 【Abraxas Capital Main address】XPL Short position averaged down!
💰XPL Increased short position by 7,987,142.00 units, equivalent to approximately 1,472,576.30 USD▫️ Position size: 5,261,146.85 USD▫️ Average price: 0.10 USD → 0.10 USD▫️ Current PnL: -540,801.78 USD (-30.84%)
▫️ Current coin price: 0.11 USD▫️ Liquidation price: 3.29 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May; previously, this was the whale with the largest contract capital position.Hyperliquid November Since then, the address has continued taking profits; its position size previously reached 920000000 USD. 🔥
On-chain Perp real-time social network map; view the most comprehensive Hyperliquid on-chain data:https://www.tradingbeats.xyz
Key points
01
The post stated that Abraxas Capital the main address increased its short position by 7,987,142 units XPL，equivalent to approximately 1,472,576.30 USD。
02
The post showed a position size of 5,261,146.85 USD, with an average price of 0.10 USD。
03
The post showed current PnL of -540,801.78 USD（-30.84%), and a current coin price of 0.11 USD。
04
The post showed a liquidation price of 3.29 USD。
05
The address listed in the post was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The post stated that this address was previously Hyperliquid the whale with the largest contract capital position, and that its position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is position information published by the Telegram channel HyperInsight: the address was described as increasing its XPL short position, meaning it is betting that the price of XPL will fall. The post showed that this position was currently at a loss and listed the position size, price, and liquidation price.
Why it matters to readers
The increase in the large short position may reflect this address's bet that XPL will weaken, but the position of a single address cannot represent the direction of the overall market.
A short position involves selling first and then hoping to buy back at a lower price; if the price rises, the short position may incur a loss, and reaching the liquidation price may result in forced liquidation.
Risks and unknowns
The above information comes from a Telegram post; the evidence does not provide independently verifiable on-chain trade or position records.
It is not possible to confirm solely from this post who actually controls the address, whether the position data is accurate, or whether this action represents the overall market trend.
The evidence does not explain the specific process by which the average price changed from 0.10 USD to 0.10 USD.
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Related concepts
Short Position
A contract position taken when a trader expects the underlying asset's price to fall.
