Abraxas Capital Main Address ZEC's short position's unrealized profit narrowed to approximately 12220000 USD
BIBIBI
AT A GLANCE
The channel states that the Abraxas Capital short position of the address labeled Main Address ZEC's unrealized profit narrowed from 14290000 USD to 12220000 USD。
Article
🐳【Abraxas Capital Main Address]ZEC Short position's unrealized profit narrows!
▫️ P&L: +14,290,822.51 USD (+92.80%) → +12,220,006.77 USD (+75.94%)
▫️ Average entry price: 1,495.63 USD▫️ Current price: 1,193.50 USD▫️ Liquidation price: 5,276.04 USD▫️ Position size: 48,271,847.47 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and it was previously the whale with the Hyperliquid largest contract position size.November; from then on, this address continuously took profits, with its position size previously reaching 920000000 USD。 🔥
Key points
01
The original text states that this ZEC short position's P&L changed from +14,290,822.51 USD（+92.80%） to +12,220,006.77 USD（+75.94%）。
02
The average entry price listed in the original text is 1,495.63 USD, the current price is 1,193.50 USD, and the liquidation price is 5,276.04 USD。
03
The position size listed in the original text is 48,271,847.47 USD。
04
The address given in the original text was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The original text states that this large short position was opened on May, and that this address continuously took profits from November.
06
The original text states that this address's position size previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions generally profit when prices fall. The unrealized profit here remains positive, but it fell from approximately 14290000 USD to approximately 12220000 USD, indicating that, based on the data listed in the original text, unrealized profit has decreased. Continuous profit-taking means the original text claims that this address is gradually realizing profits, but no specific transaction records are provided.
Why it matters to readers
A position size of approximately 48270000 USD is substantial, and its subsequent position reductions, additions, or liquidation status warrant monitoring. However, this information alone does not establish how this position will affect the price of ZEC or the Hyperliquid platform.
Beginners can view this as a snapshot of a large account position flagged by a channel, rather than a definitive buy or sell signal. It is important to distinguish unrealized profit from realized profit and to note that the data source and address attribution have not been independently verified.
Risks and unknowns
The original text does not provide independently verifiable on-chain transaction records or a position page.
Whether this wallet does in fact belong to Abraxas Capital cannot be confirmed from the original text alone.
“May” and “November” do not specify a year.
The original text does not specify the exact times to which the sets of P&L data correspond.
This information alone cannot determine the actual impact of the position change on the price of ZEC, market selling pressure, or Hyperliquid.
Related Developments
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It does not state whether this address will continue taking profits, rebuild its position, add margin, or be liquidated.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
