Abraxas Capital labeled as the main address HYPE The short position's floating loss widened to approximately 15500000 USD
BIBIBI
AT A GLANCE
The monitoring post stated that the Abraxas Capital main address's HYPE short position's floating loss widened to 15,506,236.10 USD。
Article
🐳【Abraxas Capital Main address]HYPE Short position floating loss widening!
▫️ P&L: -13,465,900.45 USD (-116.82%) → -15,506,236.10 USD (-129.92%)
▫️ Average price: 70.18 USD▫️ Current token price: 94.82 USD▫️ Liquidation price: 301.08 USD▫️ Position size: 59,675,097.59 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position was opened on May, previously held by the whale with the largest contract capital on Hyperliquid.November Since, this address has continued taking profits; its position size previously reached 920000000 USD。 🔥
https://www.tradingbeats.xyz
Key points
01
The post listed the P&L as changing from -13,465,900.45 USD（-116.82%) to -15,506,236.10 USD（-129.92%）。
02
The post listed the average price as 70.18 USD, the current token price as 94.82 USD, and the liquidation price as 301.08 USD。
03
The listed position size was 59,675,097.59 USD。
04
The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post stated that the large short position was opened on May, and November since then this address has continued taking profits; its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a position-monitoring update. Short positions typically profit when prices decline; the post’s current coin price 94.82 USD is higher than 70.18 USD the position’s average entry price, so it reports that the position is at an unrealized loss, and that unrealized loss has increased further. An unrealized loss is an accounting loss that has not yet been finally realized by closing the position.
Why it matters to readers
The profit and loss, size, and liquidation price of a large position can be used to assess the risk faced by this address, but the original text does not show that a position closure or liquidation has occurred.
Beginners should focus on distinguishing “unrealized losses” from “realized losses,” and monitor whether the position size, margin, and liquidation price subsequently change; do not determine the market direction based solely on a single monitoring post.
Risks and unknowns
The original text did not include on-chain or exchange source records, so the listed address, position, and price data cannot be independently verified.
Whether this address is indeed Abraxas Capital Cannot be confirmed from the original text alone.
The original text does not specify the corresponding years for May and November.
The original text does not specify the exact time periods corresponding to the two sets of profit-and-loss data.
There is no evidence that this position has been closed or liquidated.
Related Developments
Loading event timeline…
The source text does not provide a margin amount or subsequent position changes.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
