Labeled as Abraxas Capital main address added to the position by 880.68 units ZEC short position
BIBIBI
AT A GLANCE
The original text states that the wallet labeled as Abraxas Capital the main address added 880.68 units ZEC to its short position, currently showing an unrealized loss of approximately 4170000 USD。
Article
🐳 【Abraxas Capital Main address】ZEC Averaging down on the short position!
💰ZEC Added to the short position by 880.68 units, equivalent to approximately 2,054,118.88 USD▫️ Position size: 45,907,158.49 USD▫️ Average price: 1,460.33 USD → 1,464.98 USD▫️ Current P&L: -4,171,262.86 USD (-27.26%)
▫️ Current coin price: 1,611.40 USD▫️ Liquidation price: 6,630.74 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May, and this was previously the whale with the largest contract capital on Hyperliquid.November Since 920000000 USD, the address has continued taking profits; its position size previously reached. 🔥
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Key points
01
The original text states that ZEC the short position was increased by 880.68 units, equivalent to approximately 2,054,118.88 USD。
02
The position size listed in the original text is 45,907,158.49 USD。
03
The original text states that the average price changed from 1,460.33 USD to 1,464.98 USD。
04
The post listed current profit/loss as -4,171,262.86 USD (-27.26%).
05
The current coin price listed in the original text is 1,611.40 USD, and the liquidation price is 6,630.74 USD。
06
The address given in the original text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
07
The original text states that the large short position was opened starting May, and November since then the address has continued taking profits; its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content describes a wallet marked by the channel as the Abraxas Capital main address continuing to add to its ZEC short position. A short position means the position is oriented toward a price decline; the current coin price is higher than the listed average price, so the original text shows that the position is at a loss. “Averaging down” here means continuing to add to the position and changing the average price; it does not mean that the loss has disappeared.
Why it matters to readers
The position size listed in the original text is substantial, and its increases, reductions, or liquidation may attract the attention of market participants; however, an individual address adding to a short position does not prove that the ZEC price will subsequently fall.
Beginners may view this as a position-monitoring signal for a large account, not a trading instruction. They should distinguish carefully between the short-position average price, current price, unrealized P&L, and liquidation price, and wait for the address attribution and position data to be verified.
Risks and unknowns
Whether the address actually belongs to Abraxas Capital, the original text provides no independent proof.
The position, P&L, coin price, and liquidation price data are not accompanied by independently verifiable on-chain transaction or position pages.
The May、November in the original text does not specify a year.
The claims that it was “previously the whale with the largest contract capital on Hyperliquid” and that its previous 920000000 USD position size lack verification evidence.
Related Developments
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The original data may change rapidly with market prices and position operations.
Related concepts
Short Position
A contract position taken when a trader expects the underlying asset's price to fall.
