Abraxas Capital The address labeled as the primary address ETH's short position's unrealized loss widened to approximately 19660000 USD
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AT A GLANCE
A monitoring post stated that the Abraxas Capital short position of the address labeled as ETH's primary address saw its unrealized loss widen to 19,658,691.41 USD。
Article
🐳【Abraxas Capital Primary address]ETH Short position's unrealized loss widens!
▫️ P&L: -17,201,995.74 USD (-32.55%) → -19,658,691.41 USD (-36.86%)
▫️ Average entry price: 2,322.65 USD▫️ Current token price: 2,507.50 USD▫️ Liquidation price: 3,922.51 USD▫️ Position size: 266,673,783.47 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and the address was previously a whale with Hyperliquid's largest contract position size.November, the address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post labels address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as the “Abraxas Capital main address.”
02
The post stated that this ETH short position's P&L changed from -17,201,995.74 USD（-32.55%） to -19,658,691.41 USD（-36.86%）。
03
The post listed the average entry price as 2,322.65 USD, the current token price as 2,507.50 USD, and the liquidation price as 3,922.51 USD。
04
The position size listed in the post was 266,673,783.47 USD。
05
The post stated that the large short position was opened on May, and that the address had continuously taken profits since November, with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions generally profit when an asset's price declines. The ETH current token price given in the post is higher than the short position's average entry price, so the position is in an unrealized loss; “unrealized loss widens” means that the mark-to-market loss has increased, but does not mean it is a final realized loss.
Why it matters to readers
If the position data in the post are accurate,ETH a continued price increase could further widen the short position's unrealized loss; the liquidation price, position size, and whether the position is subsequently reduced are information worth monitoring.
Beginners may view this as monitoring information on a large leveraged position and should not make trading decisions based solely on a single address label or data from a single channel.
Risks and unknowns
The original text provides no independently verifiable evidence and cannot confirm that this address is controlled by Abraxas Capital.
The original text alone cannot confirm whether the position direction, size, P&L, average entry price, and liquidation price are accurate or still current.
The original text does not specify the years to which May and November refer.
The original text does not specify the exact time period during which the P&L change occurred.
The liquidation mechanism, leverage multiple, and whether the address subsequently reduced or closed the position are not specified.
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Related concepts
Short Position
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