Abraxas Capital Liquidates Profit Taking Across Multiple Assets, Realizing Nearly $200 Million in One Day

BlockBeats News, October 11th, according to HyperInsight monitoring, in the past 6 hours, the address identified as Abraxas Capital (0x5b5d) has been actively rolling short positions on ETH, XPL, PUMP, Aster, and other cryptocurrencies, with a total current position of approximately $740 million. Its sub-address (0xb83), following the main address's actions, has also been consistently reducing its short positions on Aster and SOL in the past hour, with a total current position of approximately $330 million.

According to monitoring, both addresses of Abraxas Capital are fully short, ranking second and third on the weekly profit list within a day, with both addresses collectively gaining $197 million today, still holding approximately $84 million in unrealized profits. It is worth noting that several whales have closed their short positions for profit today.

BlockBeats advises investors to be cautious as the recent cryptocurrency market has experienced significant volatility, emphasizing the importance of risk management.