The two air force bosses have taken a huge loss!

Abraxas Capital has incurred massive losses in this short-selling operation; both of their accounts are focused on mainstream coins like ETH, BTC, SOL, as well as HYPE and SUI, all of which are short positions. As a result, their unrealized losses have soared to over $190 million, which is quite a hole to fill.

Especially on the ETH side, they are holding over 110,000 short positions, which, at the current price, accounts for approximately $483 million in positions, and just this one item has lost over $144 million. It seems they misjudged the market direction this time and got a harsh lesson from it. Short selling is a game of heartbeats; once you misstep, the losses can be quite severe. $ETH