Abraxas Capital main address BTC's unrealized loss on its short position narrowed to 28930000 USD
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AT A GLANCE
The monitoring post stated that Abraxas Capital the main address's BTC unrealized loss on its short position narrowed from 30528900 USD to 28292900 USD。
Article
🐳【Abraxas Capital Main address】BTC Short position's unrealized loss narrows!
▫️ Profit/Loss: -30,528,946.53 USD (-63.00%) → -28,292,863.41 USD (-58.93%)
▫️ Average entry price: 75,949.40 USD▫️ Current price: 86,097.00 USD▫️ Liquidation price: 137,428.72 USD▫️ Position size: 240,049,935.98 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position was opened on May, and it was previously Hyperliquid the whale with the largest futures position size.November; since then, this address has continuously taken profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The original post stated that this BTC short position's profit/loss changed from -30,528,946.53 USD（-63.00%） to -28,292,863.41 USD（-58.93%）。
02
The original post listed the position's average entry price as 75,949.40 USD, the current price as 86,097.00 USD, and the liquidation price as 137,428.72 USD。
03
The original post listed the position size as 240,049,935.98 USD。
04
The address given in the original text was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
05
The original post stated that the large short position was opened on May, and that the address has continuously taken profits since November.
06
The original post stated that the address's position size previously reached 920000000 USD, and that it was once Hyperliquid the whale with the largest futures position size.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This post tracks a Abraxas Capital short position held by an address labeled as the main address. A short position generally benefits when the BTC price declines. The post shows that both the loss amount and loss percentage decreased, hence the description “unrealized loss narrows”; however, the position remains at an unrealized loss.BTC
Why it matters to readers
A short position size of approximately 240000000 USD is relatively large; subsequent price and position changes may materially affect the address's unrealized profit/loss. However, changes in a single address's position alone cannot prove BTC the overall market direction.
Beginners should distinguish between “unrealized loss narrows” and “already profitable”: here, it means the paper loss has decreased, not that the position has turned profitable or been closed. The liquidation price is a reference price at which the position may be forcibly liquidated, but the original data has not been independently verified.
Risks and unknowns
The information comes from a Telegram monitoring post; the original post did not provide verifiable on-chain proof of the position.
It cannot be confirmed from the original post alone that this address is controlled by Abraxas Capital.
“May” and “November” do not specify the exact year.
The original post did not specify the exact time corresponding to each of the sets of profit/loss data.
It cannot be confirmed whether the address subsequently continued taking profits, reduced its position, increased its position, or closed its position.
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“Once Hyperliquid the whale with the largest futures position size” provides neither a comparison scope nor a basis for verification.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
