The HyperInsight channel identified it as Abraxas Capital the primary address's ETH short position's unrealized loss narrowed to 36710000 USD
BIBIBI
AT A GLANCE
The text states that Abraxas Capital the primary address's ETH short position's unrealized loss narrowed from approximately 38799000 USD to 36708000 USD。
Article
🐳【Abraxas Capital Primary address】ETH Short position unrealized loss narrowing!
▫️ P&L: -38,798,558.74 USD (-69.37%) → -36,707,748.69 USD (-66.12%)
▫️ Average price: 2,304.06 USD▫️ Current token price: 2,655.19 USD▫️ Liquidation price: 4,444.30 USD▫️ Position size: 277,575,942.24 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began being established in May, and this was previously the whale with the largest contract position size on Hyperliquid.November Since 920000000 USD, this address has continued taking profits; its position size previously reached。 🔥
On-chain Perp real-time social network graph, showing the most comprehensive on-chain Hyperliquid data:https://www.tradingbeats.xyz
Key points
01
Profit/loss changed from -38,798,558.74 USD (-69.37%) to -36,707,748.69 USD (-66.12%).
02
The average price is 2,304.06 USD, and the current token price is 2,655.19 USD。
03
The liquidation price is 4,444.30 USD, and the position size is 277,575,942.24 USD。
04
The address is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The text states that the large short position began being established in May, and that November it has continued taking profits since; its position size 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; a narrowing unrealized loss means the recorded loss amount has decreased, but the text does not explain the specific reason. The liquidation price is the price at which the position may be forcibly closed.
Why it matters to readers
This indicates that the address has a large ETH short position, but information about a single address cannot represent the ETH overall trend.
This can help beginners understand contract-trading concepts such as short positions, unrealized losses, average prices, and liquidation prices.
Risks and unknowns
The information comes from a Telegram channel; the text provides no independent on-chain or trading-platform verification.
The text alone cannot confirm the actual ownership relationship between this address and Abraxas Capital.
The text alone cannot confirm whether the narrowing unrealized loss was caused by price changes, position changes, or other factors.
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Related concepts
Short Position
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