Monitoring indicates Abraxas Capital's main address added approximately 260,000 USD to its LINK short position
BIBIBI
AT A GLANCE
The post states that the “Abraxas Capital main address” increased its short position by 20,113.40 LINK, bringing the position size to 1,365,354.69 USD.
Article
🐳 【Abraxas Capital Main Address】LINK short position averaged down!
💰 Added 20,113.40 LINK to its short position, worth approximately 260,458.77 USD
▫️ Position size: 1,365,354.69 USD
▫️ Average price: 12.92 USD → 12.92 USD
▫️ Current P&L: -590.71 USD (-0.13%)
▫️ Current token price: 12.92 USD
▫️ Liquidation price: 1,235.16 USD
🔥 Note: Abraxas Capital began building its large short position in May. It was previously the whale with the largest contract capital size on Hyperliquid. Since November, the address has continued taking profits; its position size previously reached 920 million USD. 🔥
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Key points
01
The post states that 20,113.40 LINK was added to the short position, worth approximately 260,458.77 USD.
02
The position size listed in the post is 1,365,354.69 USD.
03
The average price is shown as 12.92 USD → 12.92 USD.
04
The current P&L is shown as -590.71 USD (-0.13%).
05
The current token price is 12.92 USD, and the liquidation price is 1,235.16 USD.
06
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content describes the addition to a LINK short position. A “short position” reflects a bet that the price will fall; “averaging down” usually means adding to the position and adjusting the overall entry cost, but the post shows the average price as 12.92 USD both before and after.
Why it matters to readers
The increased position size, position value, current profit or loss, and liquidation price can be used to observe the scale and risk status of the position displayed for this address.
Beginners can view this as a position snapshot for a single on-chain address; this post alone cannot determine whether LINK will subsequently rise or fall.
Risks and unknowns
The post alone cannot confirm that the address is controlled by Abraxas Capital.
It cannot be confirmed whether the listed position data is accurate or complete.
The liquidation price of 1,235.16 USD is far from the current coin price of 12.92 USD, but the original text does not explain the calculation method.
The claims that the position was opened in May, that the address was once the whale with the largest contract capital on Hyperliquid, that profits have been continuously taken since November, and that the position size once reached 920 million USD are not supported by verification materials.
The original text does not specify the years corresponding to the relevant months.
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Related concepts
Short Position
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