The short position of the Abraxas Capital main address, labeled SOL, saw its unrealized loss narrow to approximately 8070000 USD
BIBIBI
AT A GLANCE
The channel stated that the Abraxas Capital main address, labeled SOL, saw the unrealized loss on its short position narrow from approximately 10210000 USD to approximately 8070000 USD。
Article
🐳【Abraxas Capital Main Address】SOL Short position unrealized loss narrows!
▫️ P&L: -10,211,754.34 USD (-91.27%) → -8,072,713.67 USD (-74.18%)
▫️ Average entry price: 94.32 USD▫️ Current token price: 105.50 USD▫️ Liquidation price: 334.14 USD▫️ Position size: 76,177,690.81 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and this address was previously a whale with Hyperliquid's largest futures position size.November; from then on, the address continuously took profits, with its position size previously reaching 920000000 USD。 🔥
Key points
01
The P&L listed in the text changed from -10,211,754.34 USD（-91.27%) to -8,072,713.67 USD（-74.18%）。
02
The average entry price of the position listed in the text was 94.32 USD, the current token price was 105.50 USD, and the liquidation price was 334.14 USD。
03
The position size listed in the text was 76,177,690.81 USD。
04
The address provided in the text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The text states that this large short position was opened on May, and that the address continuously took profits from November, with its 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 underlying asset's price declines. The P&L here remains negative, but both the loss amount and loss percentage have decreased from the previous figure, hence the description “unrealized loss narrows.”
Why it matters to readers
This set of data shows the position, cost basis, liquidation price, and change in unrealized loss of a large SOL short position, which can be used to observe whether the address continues to take profits or adjust its position; however, a single address cannot establish the overall trend of SOL.
Beginners should distinguish between “unrealized loss narrowing” and “already profitable”: based on the data in the text, this position remains at a loss, and the address label and position data have not yet been independently verified.
Risks and unknowns
Whether the address indeed belongs to Abraxas Capital cannot be independently confirmed from the original text.
The position size, P&L, average entry price, and liquidation price all come from the channel's statements; the original text does not provide independent verification materials.
The original text does not specify the years corresponding to May and November.
The original text does not specify the exact times corresponding to each of the P&L figures.
Whether this address currently still holds a SOL short position of the same size cannot be confirmed.
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Related concepts
Short Position
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