Abraxas Capital's two hedge accounts on Hyperliquid have accumulated profits of over $512 million, reducing their combined short positions to $572 million.
The main address has accumulated profits of $301.25 million, with unrealized profits of $69.38 million; the hedging address has accumulated profits of $219.43 million, with unrealized profits of $61.16 million; the two accounts have a combined unrealized profit of approximately $131 million, with current total leverage of 3.91x and 3.60x respectively.
Abraxas Capital, a London-based asset management firm, previously held short positions exceeding $1.45 billion, but its current short positions have decreased by approximately 60.6%.
A contract account at a certain address has accumulated losses of approximately $35.59 million.
This address has increased its net short position in BTC by 217.58, valued at approximately $14.58 million, and currently holds a short position in 500 BTC.
Address details: 0x1f250df59a777d61cb8bd043c12970f3afe4f925
A whale received 4,892 ETH, worth approximately $11.85 million, from Galaxy Digital's over-the-counter trading channel over the past two months; subsequently returned 4,637 ETH, worth approximately $10.1 million, of which 1,796 ETH, worth approximately $3.42 million, were returned today.
The whale currently holds 255 ETH, worth approximately $483,000. It has already disposed of 95% of its ETH holdings, incurring a cumulative loss of approximately $1.27 million.
Address 0x5b5d…c060 reduced its BTC short position from 1379.42 to 1319.77, a net reduction of approximately $4 million, and currently still holds a BTC short position. This address's contract account has accumulated profits of approximately $302 million.
In addition, the address reduced its ETH short positions by approximately $4.01 million.
Address details: 0x5b5d51203a0f9079f8aeb098a6523a13f298c060
