Abraxas Capital added another 13,700 ETH on the spot market, worth $34.24 million, according to on-chain tracker Lookonchain. The purchases were linked to the addresses 0xb83...6e36 and 0x5b5...C060. At the same time, the firm’s short exposure on Hyperliquid was reported to be close to $1 billion. That position includes a 178,532 ETH short valued at $437 million. The update points to a sizable spot accumulation taking place alongside a large derivatives short position.
Abraxas Capital bought another 13,700 ETH on the spot market, worth $34.24 million, according to Lookonchain.
The purchases were tied to the addresses 0xb83...6e36 and 0x5b5...C060. Lookonchain also said Abraxas Capital’s short position on Hyperliquid was close to $1 billion, including a 178,532 ETH short valued at $437 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
