Abraxas's recent BTC long position was closed decisively, holding the 77k cost basis until now at 64k, with an unrealized loss of 1.47 million dollars, yet still able to take profit and exit. The old whale's risk control is indeed ruthless.

According to CoinJie.com news, Abraxas Capital’s main address has recently reduced its long BTC position by 42.08 BTC, which is about $2.29 million. The address’s position size is $7.23 million, with an average price of $77,160.80. Its current profit and loss is -$1.4756 million. The current coin price is $64,085.91, and its liquidation price is $0. The address has been established large short positions since May; it was once a “whale” with the largest contract funding amount on HyperLiquid. Since November, it has continued taking profits, and its position size has once reached $920 million.