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Lookonchain says Abraxas Capital accounts hold over $1.45bn in short positions

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Lookonchain reported that two Abraxas Capital hedge accounts on Hyperliquid have made cumulative profits of more than $331m and currently hold over $1.45bn in short positions.

AltcoinsOdailyAIBearish

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The story so far: Abraxas Capital Hyperliquid short positions

Two Hyperliquid wallets linked to Abraxas Capital held about $1.58bn in net short exposure as of Oct. 6. By Oct. 15, Lookonchain said the accounts had made over $331m in cumulative profits and still held over $1.45bn in shorts. Onchain Lens now puts Abraxas's open Hyperliquid positions at $452m, mostly short…

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  1. Two Hyperliquid wallets tied to Abraxas hold $1.58bn in crypto shorts, including $948m in BTC and ETH

  2. Lookonchain says Abraxas Capital accounts hold over $1.45bn in short positions

  3. Abraxas Capital accounts profit over $353m while holding $1.29bn in shorts

  4. Abraxas Capital holds $452m Hyperliquid position, mostly short

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