HuoXing Finance reports, 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 the total long position size 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. Today, it began rolling over the position for the first time and continues to accumulate as of this update.
Abraxas Capital Adds $4.2M BTC Long, Total Position Reaches $5M
MarsBitShare
Summary
Abraxas Capital added 54 BTC ($4.2M) to its long position on Hyperliquid, increasing the total position size to $5M at an average price of $77,450. The address began trading positions after closing its BTC short position on April 12 and has since been gradually increasing its holdings. Hyperinsight monitoring shows this move occurred over the past two hours, with MarsBit reporting the update.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.