According to Wu's report, Arkham monitoring has revealed that Abraxas Capital's short positions in BTC and ETH on the Hyperliquid platform have incurred losses exceeding $100 million. Currently, the account is shorting BTC, ETH, SOL, and HYPE, with total short positions nearing $800 million, and unrealized PNL at -$106.3 million. The liquidation price for BTC is $156K.

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