Rewards Hub Abraxas Capital has been actively closing its Bitcoin short positions, resulting in significant financial losses. According to HyperInsight monitoring, the main address associated with Abraxas Capital reduced its position by 171 BTC, incurring a floating loss of $23.91 million as of 18:00 Beijing time. Additionally, a sub-address linked to Abraxas Capital mirrored these actions, reducing its position by 83 BTC and experiencing a floating loss of $9.66 million.
Abraxas Capital Closes BTC Shorts, Faces $23.9M Loss
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