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🐳 Abraxas Capital has accumulated over $353 million in profits across two accounts on Hyperliquid, with short positions exceeding $1.29 billion. According to @lookonchain, Abraxas Capital’s two hedging accounts on Hyperliquid have collectively generated over $353 million in profits, with current short positions exceeding $1.29 billion. Screenshots show combined P&L of approximately +$199.6 million and +$153.6 million for the two accounts; net short positions of approximately -$712 million and -$581 million, primarily targeting BTC, ETH, and other contracts.

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