"Firmly go long ETH" Whale long order Cut Loss, has overnight switched to bearish traders; Abraxas Capital Holdings has returned to profitability on nearly 5 months of short order today.

On November 5, according to monitoring by HyperInsight, the “firmly going long on ETH” Whale (0xb9f) ended today with a loss of 2.04 million USD on its ETH long order after holding for more than 34 days since buying the dip on October 11. At one point, it had unrealized gains exceeding 6 million USD (about 300%), with the position size reaching a maximum of 71.75 million USD. It was previously ranked second in long positions on ETH contracts on Hyperliquid but has now switched to the short camp, opening an ETH short order at an average price of 3337 USD, with a position size of 62.45 million USD. Additionally, monitoring shows that the largest short position on ETH contracts on Hyperliquid, “Abraxas Capital” main address (0x5b5), opened an ETH short order on May 9 and has now turned losses into gains, with unrealized gains of 10.41 million USD (about 61%). The current ETH position size is approximately 170 million USD, with an average price of 3530 USD. Previously, in October, its position size reached 300 million USD, and this position had unrealized losses exceeding 50 million USD at one point. As of November 3, among its 22 short positions across two addresses, only the ETH short order position still had unrealized losses.