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

robot
Abstract generation in progress

Mars Finance News, Abraxas Capital is going long on Bitcoin market share (BTC dominance) on the Hyperliquid platform through two wallets. Wallet 1 (0x5b5d51): Using 10x leverage to go long $10.5 million worth of BTC; simultaneously shorting HYPE, FARTCOIN, XRP, SOL, and ETH. Wallet 2 (0xb83de0): Using 5x leverage to short $4.56 million of HYPE, entry price $42.8, current unrealized profit $304k; also shorting xyz:GOLD and xyz:CL. According to statistics, the total short position on HYPE across both wallets reaches $8.8 million, with unrealized profit of $38,800. Abraxas Capital has accumulated a profit of $179 million on Hyperliquid.

BTC2.19%
HYPE4.68%
XRP0.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin