Abraxas Capital The labeled main address's BTC short position's unrealized loss widened to approximately 21040000 USD
BIBIBI
AT A GLANCE
The monitoring channel stated that the Abraxas Capital short position of the wallet labeled as BTC main address had its unrealized loss widen to 21037900 USD。
Article
🐳【Abraxas Capital Main address】BTC Short position's unrealized loss widens!
▫️ P&L: -18,986,615.33 USD (-41.26%) → -21,037,864.53 USD (-45.31%)
▫️ Average entry price: 76,152.40 USD▫️ Current token price: 83,741.93 USD▫️ Liquidation price: 142,716.64 USD▫️ Position size: 232,129,337.82 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and this address was previously the whale with the largest contract position size on Hyperliquid.November onward, this address continuously took profits, and the position size previously reached 920000000 USD。 🔥
Key points
01
The original post stated that this BTC short position's P&L changed from -18,986,615.33 USD（-41.26%) to -21,037,864.53 USD（-45.31%）。
02
The average entry price listed in the original post was 76,152.40 USD, and the current token price was 83,741.93 USD。
03
The liquidation price listed in the original post was 142,716.64 USD, and the position size was 232,129,337.82 USD。
04
The address given in the original text was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The original post stated that the large short position was opened on May, and that this address had continuously taken profits since November, with the position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions generally profit when the BTC price declines and lose when it rises. The original post's data show that the current token price was higher than the short position's average entry price; therefore, the position was at an unrealized loss, and the listed loss widened from approximately 18986600 USD to approximately 21037900 USD. “Unrealized loss” refers to a mark-to-market loss calculated at the current price and does not mean a realized loss.
Why it matters to readers
This is a short position reportedly sized at approximately 232000000 USD in BTC; its P&L and position changes may draw attention. The liquidation price listed in the original post was higher than the current token price, but no subsequent price or position changes were provided.
Beginners should view this as position-monitoring information for a single address, rather than a signal that BTC will necessarily rise or fall. Focus on distinguishing unrealized losses, realized losses, average entry price, and liquidation price.
Risks and unknowns
Whether the address is actually Abraxas Capital cannot be independently confirmed from the original post.
The position direction, size, P&L, average entry price, and liquidation price were all disclosed unilaterally by the monitoring channel; the original post did not include a position screenshot or on-chain proof.
“May“was opened on” and “November has continuously taken profits since” do not specify the exact year in the original post.
Related Developments
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The original post did not state the respective time points to which the sets of P&L data corresponded.
It is unknown whether the position was subsequently reduced, increased, closed, or liquidated.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
