Abraxas Capital Takes Profit on Bitcoin Short, Two Addresses See Combined $77.9M Profit for the Week

BlockBeats News, October 21st, according to HyperInsight monitoring, in the past 6 hours, two addresses labeled as Abraxas Capital (0x5b5, 0x83) have partially closed short BTC positions to take profit, reducing the nominal value by approximately $17.7 million. Currently, these two addresses still hold a $232 million short position.

According to monitoring, the total nominal value held by the two Abraxas Capital addresses is about $620 million. In the past 7 days, they have realized a profit of $77.9 million, with approximately $38.2 million in unrealized gains.

It is worth noting that although both addresses adopt an all-short strategy, there is a significant difference in their allocation: the main address mainly holds mainstream currencies, while its sub-addresses have a diversified layout of multiple altcoins to amplify potential returns. Out of all 24 positions, only the ETH short position of the main address is currently in a loss position.