「Bullish on ETH」 Whale Long Position Liquidated, Overnight Defection to Bear Camp; Abraxas Capital's nearly 5-month short position turns profitable today

BlockBeats News, November 5th, according to HyperInsight monitoring, the "Staunchly Long ETH" whale (0xb9f) closed its ETH long position today with a $2.04 million loss. The whale had held the position for over 34 days since buying the dip on November 10th. At one point, the position had a floating profit of over $6 million (roughly 300%), with a peak position size of $71.75 million. It was previously ranked second on the ETH long contract leaderboard on Hyperliquid but has now switched to the short side, opening an ETH short position at an average price of $3337 with a position size of $62.45 million.

According to the monitoring data, the largest ETH short position on Hyperliquid, held by "Abraxas Capital" main address (0x5b5), which opened an ETH short position on May 9th, has now turned losses into gains, with a profit of $10.41 million (approximately 61%). The current ETH position size is around $170 million, with an average price of $3530. In October, the position size had reached $300 million, experiencing over $50 million in losses at one point. As of November 3rd, out of the 22 short positions across its two addresses, only the ETH short position still had a floating loss.