Abraxas Capital Holds $393M in Hyperliquid Shorts; Cumulative Profit Is $274M

Abraxas Capital holds $393 million in short positions on Hyperliquid, with $63.49 million in unrealized profit on open positions.

The positions included a $147 million short in Bitcoin (BTC), showing $9.15 million in profit. Abraxas Capital also had $115 million in profit over the past 30 days. Its cumulative profit was $274 million.

On Nov. 11, a snapshot of Abraxas Capital-linked Zcash shorts showed $34.98 million in unrealized profit.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].