Data: “Abraxas Capital” first tested long positions in BTC from its base holdings, then for the first time added positions continuously afterward, pushing the scale up to $5 million

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Mars Finance news: according to monitoring by Hyperinsight, over the past two hours, the leading short on the Hyperliquid platform, “Abraxas Capital,” added 54 BTC long contracts (about $4.2 million), bringing its total long position size to $5 million, with an average price of $77,450. After fully taking profit on its BTC short position on April 12, it began testing longs with a small base position when the BTC price was around $74,000. Today, it initiated rolling over positions for the first time, and as of the time of writing, it is still building the position.

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