Abraxas Capital Related address reduced its 1,128.47 tokens ZEC short position
BIBIBI
AT A GLANCE
A Telegram channel stated that Abraxas Capital main address reduced its 1,128.47 tokens ZEC short position and realized a profit.
Article
🐳 【Abraxas Capital Main address]ZEC Short position take-profit!
💰ZEC Reduced short position by 1,128.47 tokens, equivalent to approximately 2,266,366.34 USD▫️ Position size: 50,974,189.22 USD▫️ Average entry price: 1,478.36 USD▫️ Current profit/loss: +8,339,845.90 USD (+49.08%)
▫️ Current token price: 1,270.50 USD▫️ Liquidation price: 4,541.97 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and was previously the Hyperliquid whale with the largest contract position size.November. Since then, this address has continuously taken profits; its position size previously reached 920000000 USD。 🔥
Key points
01
A Telegram channel stated that an address labeled Abraxas Capital main address reduced its 1,128.47 tokens ZEC short position, equivalent to approximately 2,266,366.34 USD。
02
This address's position size is 50,974,189.22 USD, with an average entry price of 1,478.36 USD。
03
The channel shows current profit/loss of +8,339,845.90 USD（+49.08%), with a current token price of 1,270.50 USD and a liquidation price of 4,541.97 USD。
04
This address is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The channel stated that the Abraxas Capital large short position was opened on May, and that November this address has continuously taken profits since then; its position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position bets on a price decline. Reducing a short position generally means partially covering it, which may provide some buying support for ZEC, but the material provides no price reaction or other market data.
Why it matters to readers
This reduction involves approximately 2266400 USD, and the address still holds approximately 50974200 USD in positions, which may affect market attention to ZEC large contract positions.
Understanding short positions, average entry price, profit/loss, and liquidation price helps assess large traders' risk and position changes.
Risks and unknowns
The information comes from a Telegram channel; the material does not provide independent on-chain verification.
The material alone cannot confirm whether the position size, average entry price, and profit/loss are from the same point in time.
It is not possible to determine from this whether ZEC will rise or fall in price, nor the impact on Hyperliquid liquidity or systemic risk.
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Related concepts
Short Position
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