Abraxas Capital’s main address reportedly reduced its short position of 927.17 ETH to lock in profits.
BIBIBI
AT A GLANCE
The Telegram channel stated that the Abraxas Capital address reduced its short position by 927.17 ETH, with an unrealized profit of approximately 2628300 USD.
Article
🐳 【Abraxas Capital Main Address】ETH Short Take-Profit!
💰 ETH short positions reduced by 927.17 tokens, equivalent to approximately 2,108,099.12 USD
▫️ Position Size: 202,121,247.68 USD
▫️ Average Price: 2,322.71 USD
▫️ Current P/L: +2,628,327.41 USD (+6.50%)
▫️ Current Price: 2,292.89 USD
▫️ Liquidation Price: 3,849.30 USD
🔥 Note: Abraxas Capital initiated large short positions starting in May; previously, it was the whale with the largest contract funding scale on Hyperliquid. Starting in November, this address has been steadily taking profits, with its position size once reaching 920,000,000 USD. 🔥
Key points
01
The original text states that Abraxas Capital’s main address reduced its short position by 927.17 ETH, equivalent to approximately 2,108,099.12 USD.
02
The original text lists the position size as 202,121,247.68 USD, with an average price of 2,322.71 USD.
03
The original text shows the current profit and loss as +2,628,327.41 USD (+6.50%).
04
The original text lists the current price as 2,292.89 USD and the liquidation price as 3,849.30 USD.
05
The address provided in the original text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
06
The original text states that this address was previously a whale with the largest contract fund size on Hyperliquid, and that it has been continuously taking profits since November.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is unverified information about changes in ETH derivatives positions: the original text states that a certain address reduced its ETH short positions and lists the remaining holdings, average price, and P&L data.
Why it matters to readers
If the data is accurate, the size of ETH short positions at that address and subsequent changes in positions can serve as a reference for market participants observing derivatives positions, but the original text does not provide independent verification materials.
A short position is a bet that prices will fall; “reducing short positions” simply means the relevant positions have been decreased and does not equate to buying spot.
Risks and unknowns
The information comes from a Telegram link; the original source did not provide on-chain data or transaction records that can be independently verified.
It is impossible to confirm the actual change in holdings at this address, the ownership of the funds, or their impact on the ETH price based solely on the original text.
The original text mentions "May" and "November," but does not specify the corresponding years.
Related Developments
Loading event timeline…
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
