HyperInsight stated that Abraxas Capital the main address increased its ZEC short position
BIBIBI
AT A GLANCE
The post stated that the wallet labeled Abraxas Capital's main address increased its ZEC short position 1,917.56 tokens.
Article
🐳 【Abraxas Capital Main address]ZEC Short position averaged down!
💰ZEC Increased short position by 1,917.56 tokens, equivalent to approximately 2,372,045.61 USD▫️ Position size: 57,407,321.12 USD▫️ Average entry price: 1,491.70 USD → 1,495.62 USD▫️ Current profit and loss: -3,532,915.21 USD (-18.46%)
▫️ Current token price: 1,593.70 USD▫️ Liquidation price: 5,843.49 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May; it was previously the whale with the largest contract position size on Hyperliquid.November; since then, this address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
ZEC Increased short position by 1,917.56 tokens, equivalent to approximately 2,372,045.61 USD。
02
Position size is 57,407,321.12 USD。
03
Average entry price changed from 1,491.70 USD to 1,495.62 USD。
04
Current profit/loss was -3,532,915.21 USD (-18.46%).
05
Current token price is 1,593.70 USD, and the liquidation price is 5,843.49 USD。
06
The post listed the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
07
The post stated that the large short position was opened on May, and that since November this address has continuously taken profits, with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a position that bets on a price decline. The post stated that the address increased its ZEC short position and showed that the position is currently at a loss.
Why it matters to readers
This provides information on an address's ZEC perpetual contract position, profit and loss, and liquidation price, which can be used to monitor whether the address subsequently continues to increase or reduce its position.
Beginners can use this to understand the meaning of short positions, average position entry price, unrealized profit and loss, and liquidation price.
Risks and unknowns
The information comes from a single Telegram post and does not provide independently verifiable on-chain or exchange records.
The available evidence alone cannot confirm that this wallet belongs to Abraxas Capital.
Position information for a single address alone cannot prove ZEC future price movements.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
