Based on AiCoin, on December 1, HyperInsight monitoring revealed that Abraxas Capital's two addresses (0x5b5, 0xb83) deposited approximately $62 million into Hyperliquid to increase their HYPE spot holdings and hedge with 5x short positions. Due to today's market decline, the current HYPE spot position stands at $56.4 million, accounting for half of the total funds in the two addresses on Hyperliquid. Additionally, monitoring shows that since November, Abraxas Capital has been continuously closing profitable short positions across multiple tokens, reducing total positions from $760 million on November 3 to $146 million, with funds gradually withdrawn to on-chain wallets. Current major short positions include $82.02 million in ETH with $19.97 million in floating profits (245%) and $62.39 million in HYPE with $22.59 million in floating profits (220%).
Abraxas Capital Boosts HYPE Spot Position to $56.4M Amid Market Decline
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