Arkham reports that Abraxas Capital's unrealized losses exceed $100 million, with a significant short position in BTC and ETH.
According to Arkham, Abraxas Capital's short positions have incurred an unrealized loss exceeding $100 million, primarily on BTC and ETH. The firm holds nearly $800 million in shorts across BTC, ETH, SOL, and HYPE, with a liquidation price for Bitcoin set at $156,000.