HyperInsight identified it as Abraxas Capital the main address's BTC short position's unrealized loss widened to approximately 21530000 USD
BIBIBI
AT A GLANCE
The post said that the Abraxas Capital main address's BTC short position's unrealized loss widened to 21,531,177.81 USD。
Article
🐳【Abraxas Capital Main address]BTC Short position unrealized loss widening!
▫️ P&L: -19,457,697.65 USD (-42.07%) → -21,531,177.81 USD (-46.14%)
▫️ Average price: 75,949.40 USD▫️ Current coin price: 83,671.00 USD▫️ Liquidation price: 145,457.59 USD▫️ Position size: 233,311,133.17 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital Large short position established from May, previously the whale with the largest contract position on Hyperliquid.November From 920000000 USD, this address has continued taking profits, with its position size previously reaching. 🔥
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Key points
01
The post listed the unrealized loss as increasing from 19,457,697.65 USD（42.07%) to 21,531,177.81 USD（46.14%）。
02
The post listed the average price as 75,949.40 USD, and the current coin price as 83,671.00 USD。
03
The post listed the liquidation price as 145,457.59 USD, and the position size as 233,311,133.17 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post said that this large short position was established from May, and that the address had continued taking profits from November, with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This post describes a BTC short position: the position's holder is betting that BTC price will fall. The listed current coin price is higher than the average price, so the position is in an unrealized-loss state, and both the amount and percentage of the unrealized loss have increased. An unrealized loss is a paper loss that has not yet been realized through closing the position.
Why it matters to readers
If the listed data is accurate, the account's BTC short position is sustaining a larger unrealized loss. However, this is information about a single address's position, and the original text does not demonstrate that it will affect BTC overall price.
Beginners should pay particular attention to distinguishing the average price, current coin price, and liquidation price, and understand that a short position will generally incur losses when the coin price rises; do not make trading decisions based solely on a single address's position.
Risks and unknowns
The original text provides no evidence verifying that the address indeed belongs to Abraxas Capital。
The original text provides no independently verifiable on-chain or trading-platform records confirming the position, P&L, or liquidation price.
“May” and “November” are not accompanied by specific years.
The original text does not state whether the position was reduced, closed, or supplemented with additional margin after the position was posted.
Related Developments
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The original text does not state whether the listed data is real-time data or specify the statistical methodology.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
