CryptoWorld News: Abraxas Capital's main address recently reduced its short position in HYPE by 10,007.18 tokens, approximately $2,030,539.61.


The address's holdings amount to $18,472,476.37, with an average price of $57.80, and a current profit and loss of -$2,041,572.02 (-55.26%).
The current token price is $64.98, and the liquidation price is $101.62.
This address has been establishing large short positions since May, previously being the whale with the largest contract size on HyperLiquid.
Since November, it has been continuously taking profits, with holdings once reaching $920 million.
HYPE8.37%
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RedTelephoneBoothSite
· 4h ago
This whale cut from 920 million down to 18 million, and the stop-loss was quite decisive, but a -55% unrealized loss still hurts.
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SeaSaltAirdropParticipants
· 4h ago
The short position runs from 57.8 up to 64.98; the liquidation line at 101 is still far off, but continued profit-taking shows that confidence is starting to waver.
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GateUser-83c80dd0
· 4h ago
HyperLiquid's largest short position finally admits defeat and reduces its position, easing market pressure a bit. Will the coin price stabilize?
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