Abraxas Capital The main address reportedly took profit on its ENA short position
BIBIBI
AT A GLANCE
The post stated that Abraxas Capital Main Address reduced its 8429500 tokens ENA short position, and the current position remains unrealized profitable.
Article
🐳 【Abraxas Capital Main address]ENA short position took profit!
💰ENA Reduced short position by 8,429,548.00 tokens, equivalent to approximately 2,061,959.00 USD▫️ Position size: 6,821,770.36 USD▫️ Average entry price: 0.24 USD▫️ Current P&L: +1,859,505.22 USD (+81.78%)
▫️ Current token price: 0.19 USD▫️ Liquidation price: 5.05 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be established on May, and was previously the whale with the largest contract capital scale.Hyperliquid largest contract capital scale.November Starting from, this address has continuously taken profit; its position size previously reached 920000000 USD。 🔥
Key points
01
The post stated that the ENA short position was reduced by 8,429,548.00 tokens, equivalent to approximately 2,061,959.00 USD。
02
The position size listed in the post was 6,821,770.36 USD。
03
The average entry price listed in the post was 0.24 USD, and the current token price was 0.19 USD。
04
The post listed current profit/loss as +1,859,505.22 USD (+81.78%).
05
The liquidation price listed in the post was 5.05 USD。
06
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The post stated that the short position began to be established on May, and that this address has continuously taken profit 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 typically profit when the token price falls. “Reducing a short position” means that the address referred to in the post reduced its short exposure, thereby realizing part of the position; the post also states that it still holds a position worth 6,821,770.36 USD.
Why it matters to readers
The position-reduction activity of a large address may draw market participants' attention, but this post shows only a single address and its labeled position data and cannot, on its own, prove the subsequent price direction of ENA.
Beginners can view this as a large-account position update requiring verification, rather than trading advice; focus on distinguishing the quantity already reduced, the remaining position size, and the still-unrealized current P&L.
Risks and unknowns
Whether the address indeed belongs to Abraxas Capital is not supported by verification evidence in the original text.
The position, trades, P&L, token price, and liquidation price data have not been independently verified.
The claim that it was “previously the Hyperliquid whale with the largest contract capital scale” lacks verification evidence.
The original text only states May and November, without specifying the year.
It is not possible to determine the price trend after ENA solely from this address reducing its short position.
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Related concepts
Short Position
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