Abraxas Capital Main address SOL short position unrealized loss widened to 21659200 USD
BIBIBI
AT A GLANCE
A Telegram post stated that the Abraxas Capital labeled as the main address had a SOL short position unrealized loss that widened to 21,659,225.47 USD。
Article
🐳【Abraxas Capital Main address】SOL Short position unrealized loss widens!
▫️ P&L: -19,647,540.38 USD (-219.14%) → -21,659,225.47 USD (-236.28%)
▫️ Average entry price: 94.31 USD▫️ Current coin price: 123.49 USD▫️ Liquidation price: 300.81 USD▫️ Position size: 91,669,000.48 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position began accumulating in May, and the address was previously the whale with the largest contract capital on Hyperliquid.November Since then, the address has continued taking profits; its position size previously reached 920000000 USD。 🔥
Key points
01
The P&L listed in the post changed from -19,647,540.38 USD（-219.14%) to -21,659,225.47 USD（-236.28%）。
02
The average entry price listed in the post was 94.31 USD, and the current coin price was 123.49 USD。
03
The liquidation price listed in the post was 300.81 USD, and the position size was 91,669,000.48 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post stated that the large short position began accumulating in May, and that the address had continued taking profits since 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 prices fall. The post's current coin price, 123.49 USD, was higher than the 94.31 USD average entry price; meanwhile, the listed loss amount and loss percentage also increased, so the post described the situation as an “increasing unrealized loss.” An unrealized loss is the accounting loss displayed while a position remains open.
Why it matters to readers
This was a 91,669,000.48 USD short position described in the post as having a size of SOL. The position's P&L, size, and whether it continues taking profits warrant attention; however, the available evidence consists only of a single post, which is insufficient to confirm ownership of the address or assess the overall market impact.
Beginners can use this to understand the meanings of average entry price, current price, unrealized loss, and liquidation price, but should not directly treat unverified position information from a single address as a basis for trading.
Risks and unknowns
Whether the address actually belongs to Abraxas Capital has not been independently verified.
The position size, P&L, average entry price, current coin price, and liquidation price have not been independently verified.
“May” and “November” do not specify a year.
The post did not specify the exact times to which the two sets of P&L data corresponded.
The post's claims that the entity was previously the whale with the largest contract capital on Hyperliquid and that its previous position size reached 920000000 USD were not supported by verification materials.
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The post alone cannot confirm whether the position was subsequently reduced, closed, or liquidated.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
