Abraxas Capital Liquidates BTC Short Position, Realizing a $23.91 Million Loss

BlockBeats News, October 10th, according to HyperInsight monitoring, in the past 5 hours, the address identified as Abraxas Capital (0x5b5d) has been continuously shorting BTC with stop-losses. As of 18:00 (Beijing Time), they have reduced their holdings by 171 coins, with a unrealized loss of 23.91 million USD. According to the monitoring, a sub-address of Abraxas Capital (0xb83d) has followed the main address's actions, selling 83 coins and facing an unrealized loss of 9.66 million USD.