A wallet labeled Abraxas Capital as the main address SOL has narrowed its short-position unrealized loss to approximately 19570000 USD
BIBIBI
AT A GLANCE
The channel said that “Abraxas Capital the main address” held SOL in a short position, with a current unrealized loss of approximately 19570000 USD, but the information has not been independently verified.
Article
🐳【Abraxas Capital Main address]SOL Short position unrealized loss narrowing!
▫️ P&L: -21,659,225.47 USD (-236.28%) → -19,565,885.27 USD (-218.43%)
▫️ Average entry price: 94.31 USD▫️ Current token price: 120.67 USD▫️ Liquidation price: 308.97 USD▫️ Position size: 89,575,660.28 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened in May; previously, it was Hyperliquid the whale with the largest contract capital allocation.November Since, this address has continued taking profit, after its position size previously reached 920000000 USD。 🔥
Key points
01
The original text labeled the address 0x5b5d51203a0f9079f8aeb098a6523a13F298C060 as “Abraxas Capital the main address.”
02
The original text showed the P&L changing from -21,659,225.47 USD（-236.28%) to -19,565,885.27 USD（-218.43%）。
03
The average entry price listed in the original text was 94.31 USD, the current token price was 120.67 USD, and the liquidation price was 308.97 USD。
04
The position size listed in the original text was 89,575,660.28 USD。
05
The original text said that the large short position was opened in May and that the address had been taking profit continuously since November.
06
The original text said that the address’s position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions generally profit when the token price falls and lose when it rises. The current token price given in the original text is higher than the average entry price, so this SOL short position is in an unrealized loss; “loss narrowing” means that the book loss decreased from approximately 21660000 USD to approximately 19570000 USD, and does not mean that it has already become profitable or been fully closed.
Why it matters to readers
The position size disclosed in the original text was large. If profit-taking, position reduction, or position increases continue, the position data may change substantially. However, this channel message alone cannot determine its actual impact on SOL market prices.
Beginners may use this to understand short positions, unrealized losses, average entry prices, and liquidation prices, but should not treat a wallet label and position figures disclosed by a single channel as verified facts or trading advice.
Risks and unknowns
It has not been independently verified whether the address is in fact controlled by Abraxas Capital.
It has not been verified whether SOL the position, P&L, average entry price, current token price, liquidation price, and position size are accurate or still valid.
The original text did not provide a position screenshot or original on-chain or platform records.
The original text alone cannot confirm whether the address will continue taking profit, reduce or increase its position, or be liquidated.
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It cannot be confirmed what actual impact this position has on SOL the market.
“May”“November” and “previously” were not assigned specific years.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
