Abraxas Capital's two hedging accounts on Hyperliquid have generated over $353 million in total profit. The fund currently holds more than $1.29 billion in short positions on the perpetuals DEX, signaling a significant bearish stance amid ongoing market volatility.
Abraxas Capital Rakes Over $353M Profit From Hyperliquid Hedging Accounts While Holding $1.29B in Shorts
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