HyperInsight identifies as Abraxas Capital the main address's ETH short-position unrealized loss narrowed to approximately 38799000 USD
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AT A GLANCE
One address's ETH short-position unrealized loss narrowed from approximately 41090000 USD to approximately 38800000 USD。
Article
🐳【Abraxas Capital Main address]ETH Short-position unrealized loss narrows!
▫️ P&L: -41,087,995.75 USD (-72.86%) → -38,798,558.74 USD (-69.37%)
▫️ Average price: 2,304.06 USD▫️ Current coin price: 2,675.19 USD▫️ Liquidation price: 4,329.95 USD▫️ Position size: 279,666,752.29 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital Large short position began being built on May, previously the whale with the largest contract position on Hyperliquid.November Since 920000000 USD, this address has continued to take profit; its position size previously reached. 🔥
On-chain Perp social network map, featuring the most comprehensive Hyperliquid on-chain data:https://www.tradingbeats.xyz
Key points
01
The text stated that Abraxas Capital the main address holds a ETH short position.
02
Profit/loss changed from -41,087,995.75 USD (-72.86%) to -38,798,558.74 USD (-69.37%).
03
The average price is 2,304.06 USD, the current coin price is 2,675.19 USD, and the liquidation price is 4,329.95 USD。
04
The position size is 279,666,752.29 USD。
05
The text gives the address as 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The text stated that this address previously had a position size of up to 920000000 USD, and has continued taking profit since November.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means the address's ETH short position still shows a loss, but the loss amount has decreased from before. A short position is a position that bets on prices falling; if prices rise, a short position will typically incur losses.
Why it matters to readers
This reflects the mark-to-market change in a single ETH contract position held by one address and cannot alone represent the ETH overall trend or market direction.
Beginners can understand this as a position-tracking indicator for a large trader, rather than a signal that ETH prices will necessarily rise or fall.
Risks and unknowns
The information comes from a Telegram channel; whether the address belongs to Abraxas Capital has not been independently confirmed.
The Hyperliquid position data described in the text has not been independently verified.
This information alone cannot confirm whether the address continues to hold, has closed, or has adjusted the position.
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Related concepts
Short Position
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