HyperInsight stated that Abraxas Capital ETH the unrealized loss on the short position narrowed to approximately 38460000 USD
BIBIBI
AT A GLANCE
Abraxas Capital The main address’s ETH unrealized loss on the short position narrowed to approximately 38460000 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position unrealized loss narrowed!
▫️ P&L: -40,502,568.94 USD (-71.97%) → -38,464,029.14 USD (-68.85%)
▫️ Average price: 2,304.06 USD▫️ Current coin price: 2,671.99 USD▫️ Liquidation price: 4,312.01 USD▫️ Position size: 279,332,222.68 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position began accumulating from May; previously, it was Hyperliquid the whale with the largest contract capital size.November Since then, this address has continued taking profits; its position size previously reached 920000000 USD. 🔥
On-chain Perp real-time social network graph; view the most comprehensive Hyperliquid on-chain data:https://www.tradingbeats.xyz
Key points
01
Profit/loss changed from -40,502,568.94 USD (-71.97%) to -38,464,029.14 USD (-68.85%).
02
ETH The average price of the short position was 2,304.06 USD, while the current coin price was 2,671.99 USD。
03
The liquidation price was 4,312.01 USD, and the position size was 279,332,222.68 USD。
04
The original text stated that the address’s ETH short position began accumulating from May, and it has continuously taken profits since November.
05
The original text stated that the address’s 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 is a position that bets on a price decline. The current coin price is higher than the average price, so the position is carrying an unrealized loss; the current data shows that the loss amount has decreased.
Why it matters to readers
This indicates that a large ETH short position remains open, and changes in its position may affect market observations of the short-term trading direction.
Focus on the average price, current coin price, and liquidation price: the current coin price is higher than the average price of the short position, so further price increases will make the short position less favorable.
Risks and unknowns
The original text does not state whether these position and P&L data have been independently verified against on-chain or exchange records.
The original text does not state the specific statistical time corresponding to the data.
The position of a single address cannot represent the ETH overall market direction.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
