Abraxas Capital's perpetual contract short selling loss of $101 million

Abraxas Capital is facing unrealized losses of $101 million in its perpetual contract holdings of $704 million, including $41.23 million for ETH, $23.36 million for BTC, $17.05 million for HYPE, and $15.76 million for SOL. Despite unrealized losses, its cumulative profit and loss remains at $79.06 million. （Onchain Lens）