Abraxas Capital bought 13,000 ETH worth $32.39 million to hedge its short position of 141,180 ETH on Hyperliquid, according to Lookonchain. The spot purchase offsets a $353 million short exposure.
On September 8, PANews reported that Abraxas Capital has purchased 13,000 ETH in spot, valued at approximately $32.39 million, to hedge its short position of 141,180 ETH on Hyperliquid. The short position is worth about $353 million.
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