Reportedly, the Abraxas Capital main address ZEC saw its short position’s unrealized profit narrow
BIBIBI
AT A GLANCE
The post stated that the Abraxas Capital short position of the address labeled as the ZEC main address narrowed from approximately 4390000 USD to approximately 2130000 USD。
Article
🐳【Abraxas Capital Main address】ZEC Short position unrealized profit narrowing!
▫️ P&L: +4,392,000.85 USD (+24.04%) → +2,132,029.26 USD (+11.21%)
▫️ Average entry price: 1,501.26 USD▫️ Current coin price: 1,447.20 USD▫️ Liquidation price: 4,691.20 USD▫️ Position size: 57,079,073.09 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital A large short position was opened starting May, and this address was previously the whale with the largest perpetual contract position on Hyperliquid.November Starting 920000000 USD。 🔥
Key points
01
The post labeled the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital main address.”
02
The post showed that the ZEC short position’s P&L changed from +4,392,000.85 USD（+24.04%) to +2,132,029.26 USD（+11.21%）。
03
The average entry price listed in the post was 1,501.26 USD, the current coin price was 1,447.20 USD, and the liquidation price was 4,691.20 USD。
04
The position size listed in the post was 57,079,073.09 USD。
05
The post stated that this large short position was opened starting May, and that starting November the address had continued taking profits, with the position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions typically profit when the coin price falls. Here, “unrealized profit narrowing” means that the unrealized profit shown in the post has decreased, while the position is still shown as profitable. The liquidation price is the price indicator listed in the post at which the position could face forced liquidation.
Why it matters to readers
If the post’s data is accurate, this indicates that the address’s ZEC short position remains sizable and its unrealized profit has decreased significantly; however, changes in a single address’s position cannot independently prove the ZEC overall trend.
Beginners can treat this as information for monitoring a large position, rather than as a buy or sell signal; the key is to distinguish between the post’s labels, unrealized P&L, and profits that have already been realized.
Risks and unknowns
Whether the address actually belongs to Abraxas Capital cannot be independently confirmed from the original text.
The position, price, P&L, and liquidation price data were provided solely by the post and have not been independently verified.
The original text does not provide the specific year corresponding to May、November.
The original text does not specify the exact time period over which the P&L change occurred.
The original text does not confirm whether the position was subsequently reduced, closed, or increased.
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Related concepts
Short Position
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