Abraxas Capital main address ETH unrealized profit on the short position reportedly narrowed to 5579400 USD
BIBIBI
AT A GLANCE
The post said Abraxas Capital's main address saw its ETH short position's unrealized profit narrow to 5579400 USD, with a position of approximately 209000000 USD。
Article
🐳【Abraxas Capital Main Address]ETH Unrealized profit on the short position narrows!
▫️ P&L: +7,639,409.12 USD (+18.44%) → +5,579,382.90 USD (+13.34%)
▫️ Average price: 2,322.72 USD▫️ Current token price: 2,262.38 USD▫️ Liquidation price: 3,756.82 USD▫️ Position size: 209,181,423.75 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be built on May. The address previously belonged to the whale with the largest contract capital on Hyperliquid.November Since then, the address has continued to take profit; the position size previously reached 920000000 USD。 🔥
Key points
01
The post labels address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as the “Abraxas Capital main address.”
02
The post said the address's ETH short position saw unrealized profit narrow from 7,639,409.12 USD（18.44%) to 5,579,382.90 USD（13.34%）。
03
The post listed an average price of 2,322.72 USD, a current token price of 2,262.38 USD, and a liquidation price of 3,756.82 USD。
04
The post listed the position size as 209,181,423.75 USD。
05
A note in the post said the large short position began to be built on May, and the address has continued to take profit since November. The position size previously reached 920000000 USD。
06
The post said the address previously belonged to the whale with the largest contract capital on Hyperliquid.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an update on a ETH short position. A short position typically profits when the price falls. The post shows that the current token price is below the listed average price, so the position remains in unrealized profit. However, both the amount and percentage of unrealized profit have fallen from earlier levels, indicating that the paper gain has narrowed.
Why it matters to readers
The position listed in the post is large, and ETH price movements could significantly change its unrealized P&L and raise market concerns about the address continuing to take profit, reducing or closing the position, or facing liquidation. The original post did not establish that the position had actually affected market prices.
Beginners should distinguish between unrealized and realized profit: unrealized profit is a paper gain on a position that has not yet been closed. The average price, current token price, and liquidation price can be used to monitor the position, but a single post should not be used as the basis for trading decisions.
Risks and unknowns
The original post did not provide on-chain records or a platform page, so the address's ownership, position direction, size, P&L, average price, and liquidation price cannot be independently verified.
The original post did not specify the exact times corresponding to the sets of P&L figures.
It cannot be confirmed whether the address subsequently continued to take profit, reduced its position, or closed it.
Related Developments
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The original post did not provide supporting evidence for the claims that the address previously belonged to the whale with the largest contract capital on Hyperliquid or that it previously held a 920000000 USD position.
“May” and “November” did not specify a year.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
