According to CoinJie.com, Abraxas Capital’s main address recently reduced its ETH short position by 374.86 coins, about $593,834.21. The position size of this address is $2,096,644.46, with an average price of $2,196.53. Its current profit/loss is +$828,129.85 (+394.98%). The current coin price is $1,574.60, and the liquidation price is $8,843.23. Since May, this address has established a large short position. Previously, it was HyperLiquid’s biggest whale by contract capital size. Starting in November, it has continued to take profits, with the position size once reaching $920 million.

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ReminderOfWavesCrashingAgainst
· 3h ago
Average price 2196, current price 1574—unrealized profit 820k USD is still decreasing. I can’t tell whether this is taking profit or switching direction.
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NightTideShell
· 3h ago
This yield is ridiculous, 394%
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MarketMakingForMoonlitDeepPool
· 3h ago
Shorting since May, discipline is more important than technique.
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PixelMetaverseRaccoon
· 3h ago
From 920 million cut to 2 million, the profit-taking rhythm is textbook-level.
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BeGentleWithLeverage
· 3h ago
Liquidation price 8843, this leverage must be very conservative.
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