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HyperInsight on-chain monitoring reports that the address associated with Abraxas Capital (0x5b5d) has been executing continuous BTC shorting with stop-losses over the past five hours. As of 18:00 (Beijing Time), the wallet shows a reduction of 171 BTC and records an unrealized loss of $23.91 million, per the monitoring data.
A related sub-address (0xb83d) appears to have mirrored the main wallet’s activity, selling 83 BTC and carrying an unrealized loss of $9.66 million. Both addresses exhibit coordinated sell execution consistent with stop-loss-driven position management.
The published on-chain figures from HyperInsight are presented as reported; these observable metrics — unrealized P&L and net position changes — offer concrete data points for traders and analysts conducting position and risk assessments.
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