Abraxas Capital’s two tracked addresses significantly increased total account balances and nominal contract holdings, alongside substantial short positions in BTC, ETH, and HYPE generating notable unrealized profits.
Abraxas Capital’s two cryptocurrency addresses expanded total account holdings from $165 million to $256 million and nominal contract values from $480 million to $760 million. Within 24 hours, the firm’s BTC shorts rose to $2.8 billion, ETH shorts to $2.67 billion, and HYPE shorts to $103 million, yielding an unrealized profit of $50.2 million.