HyperInsight stated that the Abraxas Capital short position of the address labeled SOL main address had its unrealized loss narrow to approximately 17700000 USD
BIBIBI
AT A GLANCE
According to reports, the Abraxas Capital short position of the SOL address had its unrealized loss narrow to approximately 17700000 USD。
Article
🐳【Abraxas Capital Main address】SOL Short position unrealized loss narrows!
▫️ P&L: -19,923,036.70 USD (-221.14%) → -17,698,435.40 USD (-201.42%)
▫️ Average entry price: 94.31 USD▫️ Current token price: 118.10 USD▫️ Liquidation price: 354.41 USD▫️ Position size: 87,868,030.96 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May. It was previously the whale with the largest contract capital size in Hyperliquid.November, this address has continuously taken profits, and its position size previously reached 920000000 USD. 🔥
On-chain Perp live-trading social network graph; view the most comprehensive Hyperliquid on-chain data:https://www.tradingbeats.xyz
Key points
01
Profit/loss changed from -19,923,036.70 USD (-221.14%) to -17,698,435.40 USD (-201.42%).
02
The average entry price is 94.31 USD, the current token price is 118.10 USD, and the liquidation price is 354.41 USD。
03
The position size is 87,868,030.96 USD。
04
The address identified in the message is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The original text stated that this address's large SOL short position was opened on May, and it 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. When the current token price is higher than the average entry price, the position is at a loss; the text indicates that the loss amount has decreased somewhat, but the loss percentage remains negative.
Why it matters to readers
If the address attribution, position, and data are accurate, narrowing unrealized losses may reduce the account’s short-term forced-liquidation pressure; a single account’s position cannot be assessed in isolation.SOL The overall price direction.
This is unverified information about a large cryptocurrency leveraged position, with the key points being the position direction, loss, liquidation price, and whether the position is subsequently reduced.
Risks and unknowns
The source is a one-sided attribution from a Telegram channel; whether the address actually belongs to Abraxas Capital the purported entity has not been independently verified.
The original text provides no on-chain position link or trading-platform confirmation that can be independently verified.
The position may have already changed, and the current actual position cannot be confirmed based solely on this message.
Related Developments
Loading event timeline…
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
