Abraxas Capital the labeled main address ETH's short position's unrealized loss expanded to 9338400 USD
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AT A GLANCE
The monitoring post stated that the Abraxas Capital main address's ETH short position's unrealized loss expanded to 9338400 USD。
Article
🐳【Abraxas Capital Main Address】ETH Short position's unrealized loss expands!
▫️ P&L: -7,311,402.77 USD (-14.37%) → -9,338,442.58 USD (-18.21%)
▫️ Average entry price: 2,322.65 USD▫️ Current price: 2,410.46 USD▫️ Liquidation price: 4,148.77 USD▫️ Position size: 256,353,534.63 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and the address was previously the whale with the largest contract position size on Hyperliquid.November, the address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post stated that this ETH short position's P&L changed from -7,311,402.77 USD（-14.37%） to -9,338,442.58 USD（-18.21%）。
02
The post listed the average entry price as 2,322.65 USD, the current price as 2,410.46 USD, and the liquidation price as 4,148.77 USD。
03
The position size listed in the post was 256,353,534.63 USD。
04
The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post stated that the large short position was opened on May, and that the address had continuously taken profits since November.
06
The post stated that the address's position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This monitoring post labeled an address as Abraxas Capital the main address and stated that it held a ETH short position. Short positions generally profit when the price declines; the current price in the post is higher than the average entry price, so its listed unrealized loss expanded.
Why it matters to readers
If the position data listed in the post are accurate,ETH continued price increases could further increase the short position's unrealized loss. However, the position of a single address alone cannot prove how the market will move afterward.
Beginners should distinguish among “average entry price, current price, liquidation price” and “unrealized loss”: unrealized loss is an on-paper result that has not yet been realized by closing the position and does not equal a confirmed actual loss.
Risks and unknowns
Whether the address is indeed Abraxas Capital was not independently verified in the original text.
The position direction, size, P&L, and liquidation price come solely from the monitoring post and have not been independently verified.
The original text only states “May” and “November” without specifying the year.
The original text does not specify the exact time period corresponding to the P&L change.
It remains unclear whether the address subsequently reduced or closed the position, or was liquidated.
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Related concepts
Short Position
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