SHORT POSITIONS----really HURTS
Abraxas Capital’s $81M Loss Mounts on Massive ETH Shorts

Abraxas Capital is facing heavy losses on #Hyperliquid, with two wallets holding a combined 113,505 $ETH ($389.72M) in short positions — all underwater.

📉 Unrealized Loss: Over $81 million, making this one of the largest red-zone #ETH shorts currently tracked.

📬 Wallets:

🔹 0x5b5d51203a0f9079f8aeb098a6523a13F298C060

🔹 0xB83DE012dbA672c76A7dbbbf3E459CB59D7D6E36

With ETH pushing higher, will Abraxas cut losses or double down?