HyperInsight stated that Abraxas Capital the address labeled as the primary address HYPE saw its short-position unrealized loss narrow
BIBIBI
AT A GLANCE
An unverified report states that the address labeled Abraxas Capital as the main address's HYPE unrealized loss on its short position narrowed to approximately 11360000 USD。
Article
🐳【Abraxas Capital Main address】HYPE Short position unrealized loss narrows!
▫️ P&L: -13,409,259.43 USD (-116.44%) → -11,360,742.30 USD (-102.29%)
▫️ Average entry price: 70.18 USD▫️ Current token price: 88.23 USD▫️ Liquidation price: 345.87 USD▫️ Position size: 55,529,603.79 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May, and the address was previously the whale with the largest contract position on Hyperliquid.November Starting from 920000000 USD。 🔥
Key points
01
The text stated that this HYPE short-position P&L changed from -13,409,259.43 USD（-116.44%）to -11,360,742.30 USD（-102.29%）。
02
The average entry price listed in the text was 70.18 USD, the current token price was 88.23 USD, and the liquidation price was 345.87 USD。
03
The position size listed in the text was 55,529,603.79 USD。
04
The address provided in the text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The text stated that the large short position was opened starting May, and November starting from then the address continuously took profits, with the position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position typically profits when prices fall. The current coin price in the text is higher than the average entry price, so the position shows an unrealized loss; a narrowing unrealized loss means the book loss has decreased compared with before, but the position remains in a loss-making state.
Why it matters to readers
These data reflect changes in the position size, unrealized loss, and liquidation price of a large HYPE short position, and can be used to continue observing whether the address reduces, closes, or adjusts its position.
Beginners should regard this as position information for a single address, rather than a HYPE definitive conclusion that the price will rise or fall; an unrealized loss does not mean a realized loss has already occurred.
Risks and unknowns
The text does not provide independently verifiable on-chain records, and whether the address attribution is indeed Abraxas Capital cannot be confirmed.
It cannot be confirmed whether the position, price, profit or loss, and liquidation price data are accurate or still valid.
The text does not specify May and November the corresponding year.
The text does not specify whether the narrowing unrealized loss was caused by price changes, position reduction, or other factors.
“The whale previously holding the largest contract position on Hyperliquid” and the size of its historical holdings lack further evidence.
Related Developments
Loading event timeline…
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
