Telegram channel HyperInsight stated that the Abraxas Capital address increased its DOGE short position by approximately 10998300 tokens.
BIBIBI
AT A GLANCE
A Telegram post stated that a wallet labeled Abraxas Capital increased its DOGE short position.
Article
🐳 【Abraxas Capital Primary address]DOGE Short position averaged down!
💰DOGE Increased short position 10,998,329.00 tokens, equivalent to approximately 786,537.66 USD▫️ Position size: 6,168,539.87 USD▫️ Average entry price: 0.09 USD → 0.09 USD▫️ Current P&L: -176,431.46 USD (-28.60%)
▫️ Current token price: 0.10 USD▫️ Liquidation price: 2.49 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began establishing on May, and was previously the whale with the Hyperliquid largest contract position size.November, this address has continuously taken profits, with its position size previously reaching 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
The post stated that the address increased its 10,998,329 short position by DOGE tokens, equivalent to approximately 786,537.66 USD。
02
The post listed the position size as 6,168,539.87 USD。
03
The post listed the average entry price as 0.09 USD→0.09 USD, with current P&L of -176,431.46 USD（-28.60%）。
04
The post listed the current token price as 0.10 USD, and the liquidation price as 2.49 USD。
05
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
06
The post stated that the address had previously, starting from May, established a DOGE large short position and, starting from November, continuously taken profits, 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 typically represents a bet that an asset's price will fall; the post stated that the address increased its DOGE short position, but these data have not been independently verified in the provided materials.
Why it matters to readers
If the post's data are accurate, the address continued increasing its DOGE short position, indicating that its position is biased toward a price decline.
This information illustrates how the risks of a leveraged trade can be assessed from position size, current P&L, and liquidation price.
Risks and unknowns
The provided materials do not include independently verifiable on-chain or exchange source records.
Abraxas Capital Its association with this address has not been independently confirmed.
The accuracy of the post's data cannot be confirmed based solely on the provided materials.
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Related concepts
Short Position
A contract position taken when a trader expects the underlying asset's price to fall.
