ABRAXAS CAPITAL SHORTS BTC, ETH, SOL, HYPE & SUI ACROSS TWO HYPERLIQUID WALLETS, NETTING OVER $34M

Abraxas Capital initiated short positions on Bitcoin, Ethereum, Solana, HYPE, and SUI across two wallets on Hyperliquid, generating over $34 million in floating profit.

This aggressive multi-asset wagering highlights growing bearish sentiment and a shift toward derivatives strategies, potentially exerting downward pressure on these tokens.

Source: @OnchainLens