Abraxas Capital has increased its short exposure to both Bitcoin and Ether on Hyperliquid, according to monitoring data cited by Odaily and tracked by Onchain Lens. The wallet identified as 0xb83...6e36 deposited 3 million USDC to the platform and then added to two existing short positions. The BTC short now stands at 796.4 BTC, with an estimated value of about $51.5 million, while the ETH short has reached 31,600 ETH, worth roughly $59.2 million. Together, the two positions are valued at around $111 million based on the figures provided in the update. Onchain Lens also said both short positions have increased sharply over the past two days. The report does not provide further details on entry prices, leverage, or liquidation levels.
Abraxas Capital has added to its Bitcoin and Ether short positions on Hyperliquid after depositing 3 million USDC, according to Onchain Lens monitoring cited by Odaily.
The wallet tagged as 0xb83...6e36 deposited 3 million USDC to Hyperliquid and increased both positions again. The BTC short now stands at 796.4 BTC, valued at about $51.5 million. The ETH short totals 31,600 ETH, with an estimated value of roughly $59.2 million.
Based on the disclosed figures, the combined value of the two short positions is about $111 million. Onchain Lens said both shorts have expanded sharply over the past two days.
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