Abraxas Capital has reported a floating profit exceeding $87.6 million from its short positions on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and HYPE. The positions are held across two wallets on the HyperLiquid platform. This profit comes amid a broader market downturn, highlighting the firm's strategic positioning in the current volatile environment. The wallet addresses associated with these positions are 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36 and 0x5b5d51203a0f9079f8aeb098a6523a13f298c060, as reported by Nansen AI.
Abraxas Capital Gains $87.6M from Short Positions Amid Market Dip
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