Abraxas Capital main address ZEC short position's unrealized profit expanded to approximately 8529000 USD
BIBIBI
AT A GLANCE
A monitoring post states that the wallet labeled Abraxas Capital's main address holds a ZEC short position, with unrealized profit expanding to 8,529,000.17 USD。
Article
🐳【Abraxas Capital Main address]ZEC Short position unrealized profit expands!
▫️ Profit/loss: +6,480,689.04 USD (+35.31%) → +8,529,000.17 USD (+48.26%)
▫️ Average entry price: 1,478.36 USD▫️ Current token price: 1,273.50 USD▫️ Liquidation price: 5,164.62 USD▫️ Position size: 53,018,784.99 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be established in May; it was previously the whale with the largest contract capital size of Hyperliquid.November; beginning in, this address continuously took profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post labeled the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital main address.”
02
The post states that this ZEC short position's profit/loss expanded from +6,480,689.04 USD（+35.31%) to +8,529,000.17 USD（+48.26%）。
03
The average entry price listed in the post is 1,478.36 USD, the current token price is 1,273.50 USD, and the liquidation price is 5,164.62 USD。
04
The position size listed in the post is 53,018,784.99 USD。
05
The post states that the large short position was opened on May, and that the address has continuously taken profits since November.
06
The post states that this address's position size previously reached 920000000 USD, and it was once Hyperliquid's whale with the largest contract capital size.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when the underlying asset's price declines. According to the post's data,ZEC's current token price is below the short position's average entry price, so the position shows an unrealized profit; “unrealized profit” refers to book gains that have not yet been finally realized through fully closing the position.
Why it matters to readers
If the address attribution and position data are accurate, this indicates that a large address labeled Abraxas Capital still holds substantial ZEC short exposure. However, a single address's position cannot represent the overall market direction.
Beginners can treat such information as a clue for observing the behavior of large accounts, rather than as a direct trading signal; they should distinguish between the post's labels, unrealized gains, and gains already locked in.
Risks and unknowns
The post does not provide independently verifiable proof that this address belongs to Abraxas Capital.
The post does not include on-chain or trading-platform records that could independently verify the position direction, size, profit/loss, average entry price, and liquidation price.
The original text does not specify the years corresponding to “May” and “November”.
This post alone cannot confirm whether the current position remains unchanged, or whether the address subsequently continued taking profits, closed the position, or opened a reverse position.
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“Previously the whale with the largest contract capital size of Hyperliquid” and the prior 920000000 USD position size are both statements from the post and remain unverified.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
