HyperInsight stated that the address labeled Abraxas Capital reduced its 33.23-token BTC short position, with a position of approximately 233000000 USD
BIBIBI
AT A GLANCE
The channel stated that the wallet of the address labeled Abraxas Capital reduced its 33.23-token BTC short position, while still holding a position of approximately 233000000 USD.
Article
🐳 【Abraxas Capital Main address]BTC Short position cut loss!
💰BTC Short position reduced by 33.23 tokens, equivalent to approximately 2,023,376.44 USD▫️ Position size: 232,986,835.90 USD▫️ Average entry price: 75,949.40 USD▫️ Current profit/loss: -20,965,564.99 USD (-44.99%)
▫️ Current token price: 83,459.60 USD▫️ Liquidation price: 145,675.15 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and was previously the whale with the Hyperliquid largest contract capital size.November, the address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
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Key points
01
BTC Short position reduced by 33.23 tokens; the original text states this is equivalent to approximately 2,023,376.44 USD。
02
The position size listed in the original text is 232,986,835.90 USD, with an average entry price of 75,949.40 USD。
03
The post listed current profit/loss as -20,965,564.99 USD (-44.99%).
04
The current token price listed in the original text is 83,459.60 USD, and the liquidation price is 145,675.15 USD。
05
The address provided in the original text is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The original text states that this large short position was opened 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” is a position that bets on a price decline; “reducing a short position” means that the short position in the disclosed data has decreased. Here, 33.23 tokens BTC were reduced, but the original text indicates that the address still holds approximately 233000000 USD in positions and remains in an unrealized-loss state.
Why it matters to readers
This set of data indicates that the address is reducing part of its BTC short position, while the remaining position size, unrealized loss, and liquidation price still warrant attention.
Beginners should treat this as a record of a position change for a single on-chain address, rather than a signal that BTC the price will definitely rise or fall; the address attribution and data methodology have not been independently verified.
Risks and unknowns
Whether this address truly belongs to Abraxas Capital cannot be independently verified, as only the original-text label is available.
The data methodology or calculation timing between the reduction of 33.23 tokens and the corresponding 2,023,376.44 USD and the current token price in the text is unclear.
The specific calculation methodology for position size, profit/loss percentage, average entry price, and liquidation price is not stated.
“May” and “November” do not specify a year.
The original text does not provide on-chain transaction records or calculation details that would allow the position data to be independently verified.
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Related concepts
Short Position
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