marked as Abraxas Capital the main address's XRP short position turned from profit to loss
BIBIBI
AT A GLANCE
A Telegram post claims that the short position labeled Abraxas Capital the main address's XRP short position has turned from profitable to loss-making.
Article
🐳【Abraxas Capital Main address]XRP Short position turned from profit to loss!
▫️ P&L: +291,828.53 USD (+5.73%) → -1,732,701.26 USD (-31.54%)
▫️ Average price: 1.48 USD▫️ Current coin price: 1.58 USD▫️ Liquidation price: 9.19 USD▫️ Position size: 27,468,085.26 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began building at May, previously the whale with the largest contract position on Hyperliquid.November Since 920000000 USD, this address has continued taking profits; its position size previously reached []. 🔥
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Key points
01
The post lists the P&L change as +291,828.53 USD（+5.73%）to -1,732,701.26 USD（-31.54%）。
02
The post lists the average opening price as 1.48 USD, the current coin price as 1.58 USD, and the liquidation price as 9.19 USD。
03
The post lists the position size as 27,468,085.26 USD。
04
The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060.
05
The post states that the large short position began building at May, and that the address has continued taking 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.
Short positions typically profit when prices fall. The current coin price in the post 1.58 USD is higher than the average price 1.48 USD, so the data shown indicates that the position has changed from profitable to loss-making. The liquidation price is the price at which the position may be forcibly closed; the liquidation price listed in the post is 9.19 USD。
Why it matters to readers
If the address attribution and position data in the post are accurate, this reflects a relatively large XRP short position that is incurring an unrealized loss; subsequent position reduction, continued holding, or margin adjustments warrant observation.
Beginners can view it as unverified information about a single large position, rather than a XRP signal that the price will necessarily rise or fall; an unrealized loss is not equivalent to a final realized loss.
Risks and unknowns
The address cannot be confirmed solely from the post as belonging to Abraxas Capital。
The position size, profit and loss, average price, current coin price, and liquidation price have not been independently verified.
The source text does not specify when the data screenshot was taken, nor confirm whether the position still exists.
The source text does not provide the margin size or information about subsequent actions.
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Related concepts
Short Position
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