HyperInsight stated Abraxas Capital The main address added approximately 533000 units SUI to its short position
BIBIBI
AT A GLANCE
The post stated that the wallet labeled as Abraxas Capital the main address added SUI to its short position.
Article
🐳 【Abraxas Capital Main address】SUI Short position averaged down!
💰SUI Added to short position 532,978.30 units, equivalent to approximately 626,117.07 USD▫️ Position size: 3,612,393.85 USD▫️ Average entry price: 1.09 USD → 1.11 USD▫️ Current PnL: -234,251.06 USD (-64.85%)
▫️ Current coin price: 1.19 USD▫️ Liquidation price: 50.07 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened starting May, and this was 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
SUI Added to short position 532,978.30 units, equivalent to approximately 626,117.07 USD。
02
The position size is 3,612,393.85 USD。
03
The average entry price changed from 1.09 USD to 1.11 USD。
04
Current profit/loss was -234,251.06 USD (-64.85%).
05
The current coin price is 1.19 USD, and the liquidation price is 50.07 USD。
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The address listed in the post is 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
07
The post described this address as previously being the whale with the largest contract position on Hyperliquid, and stated that its position size had previously reached 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a post about changes in a SUI perpetual contract short position. A short position represents a bet on a price decline; the post stated that the relevant address added 532,978.30 units SUI to its short position and listed the position, PnL, coin price, and liquidation price.
Why it matters to readers
This indicates that the SUI short position of the address labeled in the post changed; readers may therefore monitor subsequent increases or decreases in the position and price changes.
Beginners should first distinguish short positions from holding spot assets: a short position is a contract position, and its PnL and liquidation price change with the price.
Risks and unknowns
The evidence comes solely from a post by the Telegram channel HyperInsight; no independent verification information was provided.
The evidence alone cannot confirm whether this address is indeed controlled by Abraxas Capital.
The evidence does not specify how the above position data was obtained or the time at which it was measured.
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Short Position
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