Abraxas Capital Goes All-In on Short Position, Total Unrealized Losses Exceed $50 Million

BlockBeats News, September 25th, according to HyperInsight monitoring, in the past 6 hours, the BTC short position continuously reduced by a marked Abraxas Capital address (0x5b5d) has reached nearly a hundred contracts; the ETH short position has increased by about 280 contracts, with the ETH short position floating loss exceeding 41 million USD. According to monitoring, this address is fully short, with a total position of about 846 million USD, and a total floating loss once exceeding 50 million USD. Current major positions: BTC about 293 million USD; ETH about 285 million USD; SOL about 111 million USD. At the same time, the address has continued to add to ETH, HYPE, XPL short positions today.