Abraxas Capital Main address reduced 16,416.09 units HYPE in short positions, with a position size of approximately 47056500 USD
BIBIBI
AT A GLANCE
Abraxas Capital Main address reduced 16,416.09 units HYPE in short positions, and still holds approximately 47056500 USD in short positions.
Article
🐳 【Abraxas Capital Main address]HYPE Short position cut-loss!
💰HYPE Short position reduced by 16,416.09 units, equivalent to approximately 2,191,134.08 USD▫️ Position size: 47,056,458.70 USD▫️ Average price: 70.18 USD▫️ Current PnL: -5,255,449.76 USD (-55.84%)
▫️ Current token price: 79.01 USD▫️ Liquidation price: 349.90 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position was opened starting May, previously Hyperliquid the whale with the largest contract capital size.November Since then, the address has continued taking profits; its position size previously reached 920000000 USD。 🔥
Key points
01
HYPE Short position reduced by 16,416.09 units, equivalent to approximately 2,191,134.08 USD。
02
Position size is 47,056,458.70 USD, with an average price of 70.18 USD。
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Current profit/loss was -5,255,449.76 USD (-55.84%), and the current token price was 79.01 USD.
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The original text stated that the address was previously Hyperliquid the whale with the largest contract capital size, with its position size previously reaching 920000000 USD。
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The address is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
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 address reduced part of its HYPE short position, but the original text indicates that a sizable position remains.
Why it matters to readers
The reduction of the large short position may affect market attention to the address's subsequent bearish position, but the original text did not state the actual impact on HYPE price.
This information shows how a large holder reduces a bearish position, but a price trend cannot be determined from a single reduction alone.
Risks and unknowns
The information comes from a Telegram monitoring channel; the original text provides no independently verifiable on-chain transaction record or cross-source corroboration.
The original text does not specify the exact remaining HYPE quantity after the reduction.
The original text alone cannot confirm whether the address will continue reducing its position or build it up again.
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Related concepts
Short Position
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