The higher it rises, the more they short—Abraxas Capital adds over $13.886 million in positions Hedge fund Abraxas Capital continues to short BTC, ETH, HYPE, and SOL today, adding a total of $13.886 million in positions. - BTC: Shorted 30.54 BTC, transaction value $2.12M; current short position $72.768M, unrealized loss $6.435M - ETH: Shorted 3,146.8 ETH, transaction value $7.075M; current short position $57.2M, unrealized loss $7.193M - HYPE: Shorted 50,742 tokens, transaction value $3.54M; current short position $65.305M, unrealized loss $7.078M - SOL: Shorted 13,542 tokens, transaction value $1.151M; current short position $9.352M, unrealized loss $497K These four short positions by Abraxas Capital rank as follows on Hyperliquid: #1 for HYPE shorts, #2 for BTC, #3 for ETH, and #4 for SOL. The most notable is the HYPE short position: while it currently has an unrealized loss of $7.078M, it has already collected approximately $3.95M in funding fees. Across all four positions, the total funding fees collected amount to about $4.94M. Currently, the address has total equity of approximately $53.38M, with a total notional position value of $262M. These four short positions account for about 78% of the total positions, with a combined unrealized loss of $21.203M, making up 90% of the account's total unrealized loss of $23.536M. Address: https://www.(aicoin.com)/zh-Hans/hyper-detail/0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36