CoinDesk reports that on April 22, according to Hyperinsight monitoring, over the past two hours, Hyperliquid’s major short position holder, “Abraxas Capital,” added 54 BTC (approximately $4.2 million) to its long position, increasing its total long exposure to $5 million at an average price of $77,450. After fully closing its BTC short position on April 12, the address initiated a small long position at around $74,000 and has now, for the first time, begun rolling over its position—continuing to accumulate as of publication. Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060
Abraxas Capital Adds $4.2M BTC Long Position, Total Reaches $5M
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Summary
On April 22, Abraxas Capital added 54 BTC ($4.2M) to its long position, bringing the total long position to $5M. The average entry price is $77,450. After closing its BTC short position on April 12, the address initially tested a small long at $74,000 and has since engaged in position trading. The entity continues to roll and increase its position size.
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