Even the whales can't withstand it; a 272% unrealized loss—who can handle that?

Crypto World News reports that the BTC long positions at Abraxas Capital’s main address are experiencing increasing unrealized losses. The current unrealized loss is $4.61 million, with an unrealized loss ratio of 272.92%. The address’s average entry price is $77,160.80, while the current coin price is $60,616.91. The position size is $16.9238 million. This address started building positions in May. It was once a whale with the largest contract capital size on HyperLiquid, and has been continuously taking profits since November. At one point, the position size reached $920 million.