Two Hyperliquid wallets associated with Abraxas Capital Management hold a net short exposure of approximately $1.58 billion, with BTC and ETH related positions valued at approximately $948 million. As of 3:55 am on October 7th (UTC+8), the two wallets hold approximately 189400 ETH and 5120 BTC, with a book loss of approximately $115 million, and hold short positions in assets such as SOL, HYPE, ENA, XRP, SUI, and PUMP. (Source: Bitcoin.com News)