Abraxas Capital The labeled main address reduced its ENA short position and took profits
BIBIBI
AT A GLANCE
The post stated that the “Abraxas Capital main address” reduced its 6790711 tokens ENA short position, but the data and address attribution have not been independently verified.
Article
🐳 【Abraxas Capital Main address】ENA Short position take-profit!
💰ENA Reduced short position by 6,790,711.00 tokens, approximately equivalent to 1,173,119.72 USD▫️ Position size: 4,000,547.24 USD▫️ Average entry price: 0.24 USD▫️ Current profit/loss: +1,321,226.05 USD (+99.08%)
▫️ Current token price: 0.18 USD▫️ Liquidation price: 6.09 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began establishing positions on May; prior to that, it was the whale with the Hyperliquid largest contract capital size.November; from then on, this address continuously took profits, with its position size previously reaching 920000000 USD。 🔥
Key points
01
The post stated that the ENA short position was reduced by 6,790,711.00 tokens, approximately equivalent to 1,173,119.72 USD。
02
The position size listed in the post was 4,000,547.24 USD, with an average entry price of 0.24 USD。
03
The post listed current profit/loss as +1,321,226.05 USD (+99.08%).
04
The current token price listed in the post was 0.18 USD, and the liquidation price was 6.09 USD。
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The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
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The post stated that the large short position began establishing positions on May, and that this address had continuously taken profits since November.
07
The post stated that its position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position typically profits when prices decline. “Reducing a short position” means reducing part of a short position; the post described this operation as taking profits and listed data including the remaining position, profit/loss, token price, and liquidation price.
Why it matters to readers
If the position reduction described in the post is accurate, this address's ENA short position has decreased; however, the actions of a single address alone cannot demonstrate a change in the overall market direction.
Beginners may view this information as position activity by a single large account, rather than a direct buy or sell signal; they should first verify the address attribution, position changes, and data methodology.
Risks and unknowns
The original text did not provide independently verifiable on-chain evidence of the position.
Whether this address actually belongs to Abraxas Capital cannot be confirmed from the original text alone.
The accuracy of data such as the position reduction, remaining position, profit/loss, and liquidation price has not been confirmed.
“Hyperliquid“whale with the largest contract capital size” and the claim that its historical position reached 920000000 USD have not been confirmed.
The original text only states “May” and “November” without specifying the exact year.
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Related concepts
Short Position
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