Abraxas Capital The main address reportedly reduced its HYPE short position
BIBIBI
AT A GLANCE
The Telegram channel stated that Abraxas Capital address reduced 22,763.19 units of its HYPE short position, with the position still showing an unrealized loss.
Article
🐳 【Abraxas Capital Main address]HYPE Short position cuts losses!
💰HYPE Reduced short position by 22,763.19 units, equivalent to approximately 2,062,175.35 USD▫️ Position size: 45,026,183.18 USD▫️ Average entry price: 70.21 USD → 72.31 USD▫️ Current profit/loss: -6,856,732.80 USD (-76.14%)
▫️ Current token price: 85.30 USD▫️ Liquidation price: 336.75 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be established on May, and was previously the whale with the largest contract position size on Hyperliquid.November; since then, the address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The HyperInsight channel stated that address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 reduced 22,763.19 units of its HYPE short position, equivalent to approximately 2,062,175.35 USD。
02
The position size listed in the article is 45,026,183.18 USD, with the average entry price changing from 70.21 USD to 72.31 USD。
03
The current profit/loss listed in the article is -6,856,732.80 USD（-76.14%), the current token price is 85.30 USD, and the liquidation price is 336.75 USD。
04
The article states that this large short position began to be established on May, and that from November onward, the address continuously took profits; 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 market information concerning changes in HYPE short positions. A reduction in a short position usually means a decrease in the size of the short position, but this article does not provide independent on-chain or exchange records.
Why it matters to readers
If the position-reduction information is accurate, the address's related short position may have decreased; however, the nature of the reduction, ownership of the position, and reason for the trade remain independently unconfirmed.
Beginners should distinguish between channel disclosures, position data, and verified facts, and should not judge HYPE price trends based solely on a single message.
Risks and unknowns
The information comes from a single Telegram channel and has not yet been confirmed by independent on-chain or exchange evidence.
This article alone cannot confirm whether the reduction was an actual buyback, whether the position continued to change, or how the data was calculated.
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Related concepts
Short Position
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