Labeled as Abraxas Capital main address increasing its LINK short position
BIBIBI
AT A GLANCE
A Telegram message claims that the wallet labeled as the Abraxas Capital main address increased its LINK short position.
Article
🐳 【Abraxas Capital Main address】LINK Short position averaged down!
💰LINK Increased short position 86,562.60 units, equivalent to approximately 1,160,006.19 USD▫️ Position size: 7,225,252.80 USD▫️ Average price: 13.52 USD → 13.61 USD▫️ Current profit/loss: -176,406.03 USD (-7.32%)
▫️ Current token price: 13.95 USD▫️ Liquidation price: 307.29 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be established on May, and was previously Hyperliquid the whale with the largest contract capital scale.November; since then, this address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
On-chain Perp live trading social network graph; view the most comprehensive Hyperliquid on-chain data:https://www.tradingbeats.xyz
Key points
01
The report states that LINK increased its short position by 86,562.60 tokens, equivalent to approximately 1,160,006.19 USD。
02
The position size listed in the report is 7,225,252.80 USD, with the average price changing from 13.52 USD to 13.61 USD。
03
The current profit and loss listed in the report is -176,406.03 USD（-7.32%), and the current token price is 13.95 USD。
04
The liquidation price listed in the report is 307.29 USD。
05
The address listed in the message is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
Reports say that this address has, since May opened a large LINK short position, and has, since November then, continued to take profits.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a bet that an asset's price will decline; increasing a short position means adding to this type of position. The data in the message indicate that the position is currently at a loss.
Why it matters to readers
If the address attribution and position data are accurate, this indicates that the account still holds a substantial LINK bearish bet, but this does not establish the LINK price direction.
Beginners should distinguish the position data in the message from verified facts and note that a short position may incur losses if the price rises.
Risks and unknowns
The evidence does not independently confirm whether the address belongs to Abraxas Capital。
The evidence does not independently confirm the listed LINK position, profit and loss, and historical activity information.
The message alone cannot confirm the LINK subsequent price direction.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
