An address labeled Abraxas Capital primary address's SOL short position's unrealized loss narrowed to approximately 18260000 USD
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The channel stated that the Abraxas Capital primary address-labeled SOL short position's unrealized loss narrowed from 20620000 USD to 18260000 USD。
Article
🐳【Abraxas Capital Primary Address]SOL Short Position: Unrealized Loss Narrows!
▫️ P&L: -20,622,409.68 USD (-227.14%) → -18,256,445.76 USD (-206.46%)
▫️ Average Entry Price: 94.31 USD▫️ Current Token Price: 118.85 USD▫️ Liquidation Price: 331.26 USD▫️ Position Size: 88,426,041.32 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began opening on May, and was previously the whale with the largest contract position size.Hyperliquid a whale with the largest contract position size.November, the address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
The post stated that the SOL short position's P&L changed from -20,622,409.68 USD（-227.14%） to -18,256,445.76 USD（-206.46%）。
02
The post listed the average entry price as 94.31 USD, the current token price as 118.85 USD, and the liquidation price as 331.26 USD。
03
The post listed the position size as 88,426,041.32 USD。
04
The address provided in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The post stated that the large short position began opening on May, and that the address has continuously taken profits since November, 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 generally benefits when the underlying asset’s price declines. The post shows that this position remains at an unrealized loss, but the loss decreased from approximately 20620000 USD to approximately 18260000 USD, and was therefore described as “the unrealized loss narrowed.” These figures reflect the post’s presentation of the specified address’s position and do not equal the final realized profit or loss.
Why it matters to readers
This data reflects the address at the time stated in the post SOL’s book profit or loss and liquidation risk for its short position, and can be used to continue observing changes in position size, price, and profit or loss; the post alone cannot confirm that the address’s actions affected SOL the price.
Beginners should distinguish between unrealized losses and realized losses: unrealized losses change with the price, and only the result after reducing or closing the position may become realized profit or loss. The liquidation price is a price reference indicating the potential forced-liquidation risk faced by the position listed in the post, but the original text does not provide the calculation method.
Risks and unknowns
Whether the address belongs to Abraxas Capital has not been independently verified.
The position direction, profit or loss, average entry price, current token price, liquidation price, and position size all come from a single Telegram post; no independent on-chain or platform evidence was provided.
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The original text does not specify the exact times corresponding to the two sets of profit-and-loss data.
“May”“November” and the previously 920000000 USD years of the position size and the basis for verification were not specified.
The original text does not specify whether the address subsequently continued reducing or closing the position, or added margin.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
