Abraxas Capital has deposited 3 million USDC into Hyperliquid and is adding to its short positions, according to monitoring by Onchain Lens cited by BlockBeats on July 19. The move coincides with a larger bearish stance across both Bitcoin and Ethereum positions on the platform.
The firm’s Bitcoin short has increased to 364.9 BTC, with a notional value of about $23.3 million. Its Ethereum short has risen to 19,020 ETH, carrying a notional value of roughly $35.08 million. The update points to a clear expansion in position size rather than a new trade opened from scratch.
No additional details were disclosed in the report about the timing of the position buildout beyond the deposit and the latest monitored balances. Hyperliquid was the venue named in the update, while Onchain Lens was identified as the monitoring source.
Abraxas Capital deposited 3 million USDC to Hyperliquid and is continuing to add to its short exposure, according to Onchain Lens monitoring cited by BlockBeats on July 19.
The firm’s Bitcoin short has increased to 364.9 BTC, with a notional value of about $23.3 million. Its Ethereum short has climbed to 19,020 ETH, with a notional value of roughly $35.08 million.
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