Abraxas Capital short $393.02 million (about 524.3 billion won)... unrealized profit $63.49 million (about 84.7 billion won)
Original headline아브락사스 캐피털 숏 3억9302만달러(약 5243억원)…미실현 이익 6349만달러(약 847억원)
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Abraxas Capital holds a $393.02 million short position on Hyperliquid, with unrealized gains of $63.49 million, according to Onchain Lens data cited by BlockBeats. The position includes a $147.46 million Bitcoin short carrying $9.15 million in unrealized profit. The account's 30-day PnL stands at $115.17 million, with cumulative PnL of $274.04 million over a separate measurement period. The size of the bet matters because it signals a large directional bearish stance concentrated on a single decentralized perpetuals venue, where such positions can amplify liquidation cascades. Traders will watch whether Abraxas adds to or unwinds the short and how Hyperliquid funding rates and open interest respond to the exposure.
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), Onchain Lens, BlockBeats
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