Blockchain tracker Onchain Lens reported that a wallet linked to Abraxas Capital has deposited another $2 million into Hyperliquid. The account currently holds roughly $35.92 million in positions, with 98.5% of its exposure on the short side. Its largest positions include a 5x short on HYPE worth $20.51 million with an unrealized loss of $3.95 million, a 10x short on SOL worth $6.76 million with a $72,000 unrealized loss, a 4x short on GOLD worth $5.44 million with a $184,000 unrealized gain, and a 5x short on FARTCOIN worth $2.04 million with a $1.06 million unrealized gain. Overall, the account’s open positions are showing an unrealized loss of $2.55 million, but it has already generated $9.87 million in funding fee income. The latest deposit suggests the trader remains active on Hyperliquid while maintaining a heavily short-biased book.
Abraxas-linked account remains heavily net short on Hyperliquid
According to blockchain monitoring by Onchain Lens, a wallet associated with Abraxas Capital has deposited another $2 million into Hyperliquid. The account currently holds about $35.92 million in total positions, with 98.5% of its exposure concentrated in short trades, indicating a strongly bearish positioning profile.
The account’s largest positions include a 5x HYPE short worth $20.51 million, currently showing an unrealized loss of $3.95 million; a 10x SOL short worth $6.76 million, with an unrealized loss of $72,000; a 4x GOLD short worth $5.44 million, showing an unrealized gain of $184,000; and a 5x FARTCOIN short worth $2.04 million, with an unrealized gain of $1.06 million.
Based on the latest data, the wallet’s open positions are currently sitting on a combined unrealized loss of $2.55 million. However, the account has also earned $9.87 million in funding fee income, which has partially offset the mark-to-market drawdown.
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