ChainCatcher report, according to Lookonchain monitoring, Abraxas Capital purchased 13,000 ETH spot, worth $32.39 million, to hedge its 141,180 ETH short position on Hyperliquid, valued at $353 million.
Abraxas Capital purchases 13,000 ETH to hedge its Hyperliquid short position.
ChaincatcherShare
Summary
Abraxas Capital implemented a capital protection strategy by purchasing 13,000 ETH ($32.39 million) to hedge its 141,180 ETH short position on Hyperliquid, valued at $353 million. The firm is employing position trading strategies to manage risk amid volatile market conditions. The purchase demonstrates a calculated approach to securing exposure while maintaining leverage on the short position.
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.