Abraxas Capital Adds ETH Short Position, Total Funding Rate Profit Reaches $39.26M

KuCoinFlash

Release Time:01/13/2026 05:16:39

Summary

On January 13, 2026, Abraxas Capital (0x5b5) added 566 ETH to its short position at $3,107, increasing the total ETH short size to $38.2 million and implementing a take profit strategy. The average entry price is $3,248, and the liquidation price is $119,000. The address also holds $31.64 million in HYPE shorts with a floating profit of $22.9 million. The total funding rate profit from its short positions now amounts to $39.26 million. Since May 2025, Abraxas has been gradually building ETH short positions, previously leading in contract capital on Hyperliquid. A capital protection strategy has been evident since November 2025, with the position size reduced from $267 million to $240 million.

BlockBeats News, January 13, according to... HyperInsight Monitoring It is shown that the address labeled "Abraxas Capital" (0x5b5) has been continuously adding to its ETH short position at $3,107. It has accumulated approximately 566 ETH (about $1.75 million), increasing its total short position to $38.2 million, with an average entry price of $3,248 and a liquidation price of $119,000. In addition, the address holds short positions in HYPE worth approximately $31.64 million, with a floating profit of $22.9 million. The short positions held by this address have cumulatively generated $39.26 million in profits through funding rate settlements.

According to monitoring data, Abraxas Capital started building its ETH short position in May and was previously the largest whale on Hyperliquid in terms of contract capital size. Since November, this address has continuously taken profits on its ETH short positions. The position size was previously approximately $267 million, and it has now cumulatively closed nearly $240 million in positions.

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