Abraxas cut this BTC position from 920 million to 19 million; they finished taking profit by November, but now they’re a bag holder. The liquidation line at 26k (2.6万) is a bit far, but the books don’t look good.

Crypto news, Abraxas Capital main address increased its BTC long position by 3.40 coins on the HyperLiquid platform, approximately $2 million, with a holding size reaching $18,937,945.13, and the average price adjusted from $77,206.60 to $77,160.80. Currently, this address's unrealized profit and loss is -$2,604,841.07, the current coin price is $67,830.91, and the liquidation price is $26,898.27. This address has been building positions since May, once the largest contract fund whale on HyperLiquid, continuously taking profits since November, with a position size once reaching $920 million.