Abraxas Capital The main address increased its position by approximately 300000 coins SUI in short positions
BIBIBI
AT A GLANCE
The post stated that Abraxas Capital the main address increased its holdings by 299,710.90 tokens SUI short position, which is currently at an unrealized loss.
Article
🐳 【Abraxas Capital Main address】SUI Short position evened out!
💰SUI Increased short position by 299,710.90 units, equivalent to approximately 345,757.01 USD▫️ Position size: 2,010,627.23 USD▫️ Average price: 1.03 USD → 1.06 USD▫️ Current PnL: -195,394.10 USD (-97.18%)
▫️ Current token price: 1.17 USD▫️ Liquidation price: 89.12 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting from May, previously making this whale the largest in terms of contract capital on Hyperliquid.November Since 920000000 USD, this address has continued to take profit; its position size previously reached https://www.tradingbeats.xyz
Key points
01
The post stated that the address increased its 299,710.90 units SUI short position, equivalent to approximately 345,757.01 USD。
02
The position size listed in the post was 2,010,627.23 USD。
03
The post stated that the average price changed from 1.03 USD to 1.06 USD。
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The post listed current profit/loss as -195,394.10 USD (-97.18%).
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The current token price listed in the post was 1.17 USD, and the liquidation price was 89.12 USD。
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The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
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The post stated that the large short position began to be built from May onward, and claimed that the address has continuously taken profits since November onward.
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The post stated that the holdings of this address had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a position betting on a price decline. Here, “averaging down” means continuing to increase the short position, causing the average price listed in the post to change from 1.03 USD to 1.06 USD. Based on the post’s data, this position is currently in an unrealized loss.
Why it matters to readers
Large-holder addresses continue to increase SUI a short position, which may draw attention to changes in its position; however, this only reflects the actions of a single address mentioned in the post and cannot be used to confirm SUI that it will fall afterward.
Beginners can treat this information as a position update requiring verification, rather than a trading instruction; they should check whether the position, average price, profit or loss, and liquidation price are supported by on-chain data.
Risks and unknowns
The only material is a Telegram post, with no independently verifiable on-chain position records attached.
The post alone cannot confirm that this address is indeed controlled by Abraxas Capital.
It cannot be confirmed from the post alone whether the position size, average entry price, profit and loss, coin price, and liquidation price are accurate or still valid.
The post only states “May” and “November” without specifying the exact year.
The post does not specify the statistical periods or calculation methods for each data point.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
