📢 Abraxas Capital shorts over $750 million:

🟠BTC with 10x leverage at $340.2 million (2,908 BTC), loss $17.4 million (-54%), liquidation price $153,286.

🟠ETH 10x at $303.1 million (72,454 ETH), loss $90.6 million (-426%), liquidation price $5,628.8.

🟠HYPE 5x at $69.6 million (1.59 million tokens), loss $6.5 million (-51.7%), liquidation price $105.55.

🟠SOL 10x at $68.2 million (377,864 SOL), loss $5.6 million (-88.8%), liquidation price $453.36.

🟠SUI 10x at $2.5 million (646,258 SUI), profit $102 thousand (+38.5%), liquidation price $157.37.

👉 Abraxas Capital also holds over $573 million in ETH and $69.4 million in HYPE, making these positions delta-positive and delta-neutral respectively. They might be financing bets on Hyperliquid. It's also possible that they have additional positions on Binance or CEX that are not reflected on-chain.

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