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

On November 5th, according to the monitoring of HyperInsight, the "Staunchly Long ETH" whale (0xb9f) closed its long position in ETH today, incurring a loss of $2.04 million. This whale had held the position for more than 34 days since buying at the dip on November 10th. At one time, the position had a floating profit of over $6 million (approximately 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 and opened an ETH short position with an average price of $3337 and a position size of $62.45 million. According to the monitoring data, the largest ETH short position on Hyperliquid, held by the main address (0x5b5) of "Abraxas Capital", 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 reached $300 million and experienced a loss of over $50 million at one time. As of November 3rd, among the 22 short positions across its two addresses, only the ETH short position still had a floating loss.