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Abraxas Capital holds $393m Hyperliquid short with $63.5m unrealised profit

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Abraxas Capital holds a $393m short position on Hyperliquid with $63.5m in unrealised profit, Onchain Lens monitoring shows. Its BTC short, worth $147m, is $9.15m in profit, and the firm has made $274m in cumulative gains.

AltcoinsOdailyAIBearish

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The story so far: Abraxas Capital Hyperliquid short positions

Abraxas Capital has run large net short exposure on Hyperliquid, with cumulative profits reported above $400m by mid-October. On Nov. 8 it held $452m of open positions, mostly short, with $30.8m unrealised profit. Its two hedge accounts now show over $512m cumulative profit, with combined shorts down to $572m.

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  1. Abraxas Capital holds $393m Hyperliquid short with $63.5m unrealised profit

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