Abraxas Capital The address reportedly reduced 659.96 coins ZEC from its short position and took profits
BIBIBI
AT A GLANCE
The post claims that the wallet identified as the Abraxas Capital main address reduced its holdings of 659.96 units of ZEC short positions.
Article
🐳 【Abraxas Capital Main address】ZEC Short position take-profit!
💰ZEC Reduced short position by 659.96 units, equivalent to approximately 3,204,396.75 USD▫️ Position size: 53,874,676.34 USD▫️ Average entry price: 1,501.26 USD▫️ Current profit/loss: +4,345,657.03 USD (+24.20%)
▫️ Current coin price: 1,389.20 USD▫️ Liquidation price: 5,049.15 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May; previously, it was the whale with the largest contract capital position size.Hyperliquid The whale with the largest contract capital position size.November Starting from 920000000 USD。 🔥
Key points
01
A Telegram channel post stated that the address labeled as the Abraxas Capital main address reduced 659.96 coins ZEC from its short position.
02
The post stated that the reduced portion was equivalent to approximately 3,204,396.75 USD。
03
The position size listed in the post was 53,874,676.34 USD, with an average entry price of 1,501.26 USD。
04
The post listed current profit/loss as +4,345,657.03 USD (+24.20%).
05
The current coin price listed in the post was 1,389.20 USD, with a liquidation price of 5,049.15 USD。
06
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
07
The post stated that the large short position was opened starting May, and November starting from then, the address continued taking profit; its position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is information about ZEC a reduction in short positions. The post claims that the address reduced part of its short positions and lists the remaining position size, average entry price, profit and loss, coin price, and liquidation price.
Why it matters to readers
If the post's data is accurate, reducing the short position may lessen the impact of the address's subsequent related position operations, but a single address's activity cannot confirm the ZEC overall trend.
Beginners should first distinguish between claims made in the post and verified facts, and note that the address attribution and position data still require independent confirmation.
Risks and unknowns
The information comes from a Telegram channel; the original text did not provide independent on-chain or Hyperliquid page verification.
Abraxas Capital The attribution relationship with this address has not been independently confirmed in the original text.
The original text does not explicitly specify the corresponding years.May and November the corresponding years.
A single reduction by this address alone cannot confirm ZEC the overall price direction.
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Related concepts
Short Position
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