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

NewsFeeds update

Lookonchain monitoring shows Abraxas Capital's two hedge accounts on Hyperliquid have made more than $512m in cumulative profit, with their combined short positions down to $572m.

AltcoinsOdailyAIBullish

Read the original on Odaily

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

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