Abraxas Capital has significantly increased its Bitcoin long position by adding 54 BTC, valued at approximately $4.2 million, according to Hyperinsight monitoring. This move brings the total long position to $5 million, with an average entry price of $77,450. The firm had previously closed its short position on April 12 and initiated a long position at around $74,000. The recent activity marks the first rollover of this position, indicating continued accumulation by Abraxas Capital.