Abraxas Capital Earns Over 34 Million USD in Profit from Short Position on Hyperliquid

$BTC $ETH $SOL ChainCatcher – According to data from Onchain Lens, the investment fund Abraxas Capital is making significant profits from short positions on the derivatives trading platform Hyperliquid, with total unrealized PnL exceeding 34 million USD.

Details of Short Positions:

• Short assets: BTC, ETH, SOL, HYPE, and SUI.

• Platform: Hyperliquid (Perp DEX focused on high leverage).

• Estimated profits:

  • BTC & ETH: Shorting from recent highs, benefiting from the correction.

  • SOL, HYPE, SUI: Taking advantage of the downtrend of altcoins after the market-wide sell-off.