This trader’s returns looked impressive so I checked what was behind them. I opened Quant AI and dug into 0x5b5d51…98c060 (Abraxas Capital). What the numbers revealed ~$252M equity. +$58M (+31%) in 7 days. +$151M all time. Massive volume. On the surface it screams follow this. Biggest risk I noticed This is only the short perp leg of a cash and carry basis trade. The fund holds offsetting spot longs off chain. Copying the on chain shorts alone leaves you fully directional and exposed to brutal squeezes retail capital cannot survive. Trading style Institutional, market-neutral funding arbitrage not a directional bear. Would I follow them? No profitable does not equal copyable. This strategy only works with the other half of the trade. Want to research traders beyond the PnL? Explore them inside Quant AI use my link : https://t.co/xQVVQFJfSD @tryquantio #QuantAIPioneers