Abraxas short $452 million observed... Bitcoin $159 million
Original headline아브락사스 숏 4억5200만달러 관측…비트코인 1억5900만달러
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Abraxas Capital-linked accounts held roughly $452 million in Hyperliquid open positions as of May 8, almost entirely shorts, with about $30.77 million in unrealized profit, according to Onchain Lens monitoring. The largest leg was a $159 million bitcoin (BTC) short, followed by $77.6 million against Hyperliquid's HYPE token, $75.27 million against ether (ETH) and $63.51 million against Zcash (ZEC). The concentration matters because a single desk's directional bets on a decentralized perpetuals venue can amplify moves if positions are unwound. Traders will watch whether the book stays net short and whether unrealized gains are realized through further selling or position closures.
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), Ethereum (ETH), Zcash (ZEC), Onchain Lens
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