Monitoring indicates that Abraxas Capital the address increased its 1,411.31-token ZEC short position
BIBIBI
AT A GLANCE
The post says the “Abraxas Capital main address” added to a short position of 1,411.31 ZEC, with a current unrealized loss of approximately 4956400 USD.
Article
🐳 【Abraxas Capital Main Address】ZEC Short position averaged down!
💰ZEC Short position increased 1,411.31 tokens, equivalent to approximately 3,028,590.77 USD▫️ Position size: 34,559,931.82 USD▫️ Average entry price: 1,401.18 USD → 1,417.39 USD▫️ Current profit/loss: -4,956,421.00 USD (-43.02%)
▫️ Current token price: 1,654.70 USD▫️ Liquidation price: 7,969.57 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May; it was previously the whale with the largest contract position size on Hyperliquid.November onward, this address has continuously taken profits; its position size previously reached 920000000 USD. 🔥
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Key points
01
The post stated that the ZEC short position was increased by 1,411.31 units, equivalent to 3,028,590.77 USD。
02
The position size listed in the post was 34,559,931.82 USD。
03
The post stated that the average price changed from 1,401.18 USD to 1,417.39 USD。
04
The post listed current profit/loss as -4,956,421.00 USD (-43.02%), the current token price as 1,654.70 USD, and the liquidation price as 7,969.57 USD.
05
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
06
The post stated that the large short position began building 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 an on-chain data post about changes in a ZEC short position. In the post, “averaging” refers to a change in the listed average price after additional short positions were added; the position still shows a loss.
Why it matters to readers
The post lists position size, average price, profit and loss, token price, and liquidation price together, which can be used to observe changes in the public data for the ZEC short position associated with the address.
Beginners can use it to learn about derivatives-position indicators such as short positions, average entry price, current profit and loss, and liquidation price, but should not make a trading decision based on a single post.
Risks and unknowns
The source alone cannot confirm that the address is controlled by Abraxas Capital.
The source provides no on-chain records or calculation process, so the position and profit-and-loss figures cannot be independently verified.
The source mentions the calendar months of May and November but does not specify the year.
The source does not explain the criteria for describing the address as “previously the whale with the largest derivatives capital on Hyperliquid” or for saying it was “continuously taking profit.”
The publication time came from context rather than evidence.text and was not used as a fact.
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Related concepts
Short Position
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