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Abraxas Capital's ZEC shorts show $35m unrealised gain, Yu Jin says

NewsFeeds update

On-chain analyst Yu Jin says two Abraxas Capital addresses holding ZEC short positions on Hyperliquid are up $35m on those positions alone as ZEC fell below $1,000. Their total unrealised gain across open positions is $118m.

AltcoinsPANewsAIBearish

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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. 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

  5. Abraxas Capital holds $1.05bn short position after $429m profit, Lookonchain says

  6. Abraxas Capital's ZEC shorts show $35m unrealised gain, Yu Jin says

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

  8. Abraxas Capital's two Hyperliquid hedge accounts cut short positions to $572m

More Altcoins updates

  1. Abraxas Capital's two Hyperliquid hedge accounts cut short positions to $572m

    AltcoinsOdailyAIBullish

  2. Binance says withdrawals restored on 87 networks this week

    AltcoinsOdailyAIBullish

  3. @smartestmoney's 1.38m HYPE long shows $43m unrealised profit, liquidation at $65.15

    AltcoinsOdailyAIBullish

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.