Crypto news, Abraxas Capital main address recently reduced its ETH short positions by 166.73 ETH, approximately $2,007,600. The position size of this address is $18,103,400, with the average price adjusted from $2,198.59 to $2,196.86, currently showing a profit and loss of +$4,414,200 (+243.83%). The current ETH price is $1,766.20, and the liquidation price is $2,712.73. Since May, this address has established large short positions and was once the whale with the largest contract fund size on HyperLiquid. Since November, it has been continuously taking profits, with the position size once reaching $920 million.

ETH10.40%
HYPE12.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
Add a comment
Add a comment
KeyOnBlackVelvet
· 3h ago
The short position was reduced, but the average price is still decreasing. This move is quite interesting.
View OriginalReply0
On-ChainCatUnderTheMoonlight
· 3h ago
Average price 2196, settlement price 2712, this safety margin is quite wide.
View OriginalReply0
TransparentGlassFeather
· 3h ago
HyperLiquid's biggest whale has also run away, and the contract market liquidity is about to be drained again.
View OriginalReply0
CatUnderTheNeonBridge
· 3h ago
The position opened in May is now showing an unrealized profit of over 240%, and the patience of the whale truly surpasses that of retail investors.
View OriginalReply0
NodeUnderTheAurora
· 3h ago
ETH is at 1766, with a cost basis of 2196 and still has unrealized gains, indicating the short position was opened at a very low level.
View OriginalReply0
GateUser-6857a9c9
· 3h ago
Gone from 920 million down to 18 million, the profit-taking pace is very steady. Is this remaining amount kept for hedging?
View OriginalReply0
  • Pinned