Abraxas Capital's two addresses have an unrealized profit of 34980000 USD on their ZEC short positions.
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AT A GLANCE
PANews, citing monitoring by Ember, reported that the ZEC short positions of two Abraxas Capital addresses have an unrealized profit of 34980000 USD.
Article
Abraxas Capital's two addresses hold ZEC short positions with unrealized profits of 34,980,000 USD
PANews reported on November 11 that, according to on-chain analyst Yu Jin's monitoring, as the price of ZEC fell sharply below 1,000 USD, the two addresses of the asset management or hedge fund Abraxas Capital holding ZEC short positions on Hyperliquid have unrealized profits of 34,980,000 USD on the ZEC positions alone. The total unrealized profits of the currently open positions across the two addresses have reached 118,000,000 USD.
PANews reported on November 11, based on monitoring by on-chain analyst Yu Jin.
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Reports indicate that the price of ZEC dropped sharply and fell below 1000 USD.
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Reports indicate that the two addresses held by Abraxas Capital with ZEC short positions on Hyperliquid have an unrealized profit of 34980000 USD from their ZEC positions alone.
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Reports indicate that the total unrealized profit of the current open positions at these two addresses is 118000000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report distinguishes between two sets of data: 34980000 USD is the unrealized profit on ZEC short positions across two addresses, while 118000000 USD is the total unrealized profit on all open positions across the two addresses. Both are described as unrealized profits, rather than realized gains.
Why it matters to readers
This news item shows the unrealized profit situation of related short positions when ZEC fell, but it cannot be used to determine the subsequent price direction.
When reading, one should distinguish between a single ZEC position and all open positions, and should not treat unrealized gains as profit already secured.
Risks and unknowns
The material does not provide specific addresses or position details, making it impossible to independently verify address ownership and unrealized profit data.
The materials do not state the opening price, leverage, or whether the position was subsequently closed.
The unrealized gains reported were based on open positions at that time, and it cannot be confirmed that the same amount is still maintained currently.
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Related concepts
Short Position
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