According to the latest market update, an Abraxas Capital sub-address has expanded its leveraged GOLD trade to $21.25 million, shifting the tracked position toward a large short with unrealized profit at current prices.
An Abraxas Capital sub-address increased its GOLD short position by nearly $4 million, bringing the total 5x leveraged trade to $21.25 million. The average entry price declined to $4,796 from $5,187. With GOLD trading at $4,587, the position is showing about $980,000 in unrealized profit, and its liquidation price is $6,144. This update introduces a materially different position profile from the earlier tracked Hyperliquid whale activity.