A whale holding long positions in ETH cut its losses and switched to shorting overnight; Abraxas Capital's short positions held for nearly 5 months turned profitable today.

律动Nov 5, 2025
#DeFi ETH+1.58%HYPE-2.27%
On November 5th, according to HyperInsight monitoring, the "steadfastly long $ETH" whale (0xb9f) closed its $ETH long position with a loss of $2.04 million. After buying at the bottom on October 11th, it held the position for over 34 days, with a peak unrealized profit exceeding $6 million (approximately 300%), and a maximum position size of $71.75 million. It was previously the second-largest long position holder in $ETH contracts on Hyperliquid, but has now switched to shorting, opening short positions in $ETH at an average price of $3337, with a position size of $62.45 million. According to monitoring, the largest short position holder in $ETH contracts on Hyperliquid, the main address of "Abraxas Capital" (0x5b5), opened a short position in $ETH on May 9th and has now turned a profit, with an unrealized profit of $10.41 million (approximately 61%), and a current $ETH position size of approximately $170 million, with an average price of $3530. In October, its holdings reached $300 million, and the unrealized loss on this position once exceeded $50 million. As of November 3, only the $ETH short position among its 22 short positions across two addresses still showed an unrealized loss. [BlockBeats]
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A whale holding long positions in ETH cut its losses and switched to shorting overnight; Abraxas Capital's short positions held for nearly 5 months turned profitable today.

律动Nov 5, 2025
#DeFi ETH+1.58%HYPE-2.27%
On November 5th, according to HyperInsight monitoring, the "steadfastly long ETH" whale (0xb9f) closed its ETH long position with a loss of $2.04 million. After buying at the bottom on October 11th, it held the position for over 34 days, with a peak unrealized profit exceeding $6 million (approximately 300%), and a maximum position size of $71.75 million. It was previously the second-largest long position holder in ETH contracts on Hyperliquid, but has now switched to shorting, opening short positions in ETH at an average price of $3337, with a position size of $62.45 million. According to monitoring, the largest short position holder in ETH contracts on Hyperliquid, the main address of "Abraxas Capital" (0x5b5), opened a short position in ETH on May 9th and has now turned a profit, with an unrealized profit of $10.41 million (approximately 61%), and a current ETH position size of approximately $170 million, with an average price of $3530. In October, its holdings reached $300 million, and the unrealized loss on this position once exceeded $50 million. As of November 3, only the ETH short position among its 22 short positions across two addresses still showed an unrealized loss. [BlockBeats]
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