Abraxas Capital holds a $10.5 million Bitcoin long position and an $8.8 million HYPE short position on Hyperliquid.

BlockBeats News, May 1st, according to Nansen monitoring, Abraxas Capital is long Bitcoin market share (BTC dominance) on the Hyperliquid platform through two wallets.

Wallet 1 (0x5b5d51): Long $10.5 million worth of BTC with 10x leverage; simultaneously short HYPE, FARTCOIN, XRP, SOL, and ETH.

Wallet 2 (0xb83de0): Short $4.56 million worth of HYPE with 5x leverage, entry price $42.80, current unrealized profit $304k; also short xyz:GOLD and xyz:CL.

According to statistics, the total short position on HYPE across both wallets reaches $8.8 million, with an unrealized profit of $38,800. Abraxas Capital has accumulated a profit of $179 million on Hyperliquid.

BTC1.95%
HYPE4.73%
XRP0.65%
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