Abraxas, short selling $451.68 million... unrealized profit $30.77 million
Original headline아브락사스, 공매도 4억5168만달러…미실현 이익 3077만달러
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Abraxas Capital held $451.68 million in Hyperliquid short positions as of the 8th, carrying $30.77 million in unrealized profit, according to TradingBeats data that put total open contracts at $451.85 million, overwhelmingly shorts. The largest legs were a $158.66 million Bitcoin (BTC) short and a Hyperliquid (HYPE) position, with the notional value reflecting contract size rather than cash or realized gains. The figures capture outstanding contract balances on the 8th and do not represent the volume of newly executed short orders. The size of the bet matters because it signals how heavily a single fund is positioned against BTC and HYPE on Hyperliquid, and traders will watch whether the position is trimmed or added to as prices move.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Abraxas Capital, Hyperliquid (HYPE), Bitcoin (BTC), HYPE (HYPE), TradingBeats
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