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💰Abraxas Capital's short positions on Hyperliquid are facing a loss of over $100 million.
According to monitoring by Arkham @arkham, Abraxas Capital's short positions in $BTC and $ETH on the Hyperliquid @HyperliquidX platform have exceeded a loss of $100 million. Currently, the account is shorting $BTC, $ETH, $SOL, and $HYPE, with total short positions nearing $800 million and an unrealized loss of $106.3 million.

29.7. klo 11.01
ABRAXAS CAPITAL ARE DOWN OVER $100M ON THEIR SHORTS
The largest BTC + ETH shorts on Hyperliquid are owned by Abraxas Capital. Their account is shorting almost $800M of BTC, ETH, SOL and HYPE.
Their uPnL is currently -$106.3M on this account and their liquidation price on BTC is at $156K.




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