Abraxas Capital Main address ETH short position's unrealized loss expands to 14550000 USD
BIBIBI
AT A GLANCE
The post states that the Abraxas Capital short position of the address labeled ETH Main address's unrealized loss expanded to 14,553,869.24 USD。
Article
🐳【Abraxas Capital Main address】ETH Short position's unrealized loss expands!
▫️ P&L: -12,469,400.18 USD (-24.03%) → -14,553,869.24 USD (-27.82%)
▫️ Average entry price: 2,322.65 USD▫️ Current token price: 2,459.50 USD▫️ Liquidation price: 4,013.22 USD▫️ Position size: 261,568,961.29 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and this address was previously the whale with the largest contract position size on Hyperliquid.November, this address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The post lists P&L as changing from -12,469,400.18 USD（-24.03%） to -14,553,869.24 USD（-27.82%）。
02
The post lists the average entry price as 2,322.65 USD, and the current token price as 2,459.50 USD。
03
The post lists the liquidation price as 4,013.22 USD, and the position size as 261,568,961.29 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post states that this large short position was opened on May, and that this address has 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 token prices fall and incur losses when they rise. The current token price in the post is higher than the listed average entry price, so the listed short position is at an unrealized loss; “unrealized loss” refers to a book loss that has not yet been realized through closing the position.
Why it matters to readers
This is an update on a 261000000 USD short position that the post says exceeds ETH in size. If the listed data are accurate,ETH price movements will continue to affect the position's unrealized P&L, but the post does not show that the position has been closed or liquidated.
Beginners may view this as an observation of a single large address's position and should not treat one address's short position directly as a signal that ETH will necessarily rise or fall. It is sufficient to focus on the relationship among position size, average entry price, current token price, and liquidation price.
Risks and unknowns
Whether the address truly belongs to Abraxas Capital cannot be confirmed from the post alone.
The position, P&L, average entry price, current token price, and liquidation price are not accompanied by independently verifiable platform or on-chain position links.
The post does not specify the years corresponding to May and November.
It cannot be confirmed from the post whether the address subsequently reduced or closed the position, added margin, or was liquidated.
Related Developments
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The claim that it was previously the whale with the largest contract position size on Hyperliquid is not substantiated in the post.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
